3 Top Stocks to Jump-Start Your Passive Income in 2023
If you're like many people, you set New Year's resolutions and goals. A great financial target to set is to grow your income from passive sources. There are many ways to do that.
Investing in real estate investment trusts (REITs) is a tried-and-true method of making passive income as these entities must pay dividends out of their rental income. Three top choices from some Fool.com contributors are Federal Realty Trust (NYSE: FRT), Simon Property Group (NYSE: SPG), and W. P. Carey (NYSE: WPC). Here's why they believe these REITs can help jump-start your passive income this year.
Marc Rapport (Federal Realty Trust): If there's a recession coming -- and conventional wisdom holds that there is -- you can build confidence in your portfolio with shares of Federal Realty Trust, a mixed-use, primarily retail operation that's the only REIT among the stocks that currently carry the status of Dividend King, meaning they have raised their dividend every year for at least 50 consecutive years. In Federal Realty's case, make that 55.
Source Fool.com
