4 Ultra-Safe Passive Income Vehicles to Buy and Hold Forever
One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain point. Passive income can help you earn money while you are sleeping or enjoying your hobbies.
Dividend stocks are one of the easiest and most popular ways to achieve this financial goal. These stocks pay you money or stock just for holding them. Moreover, Dividend stocks also have the potential to increase in value over time.
There is a catch, however. Dividend stocks can decline in value due to either marketwide forces or company-level setbacks. As a result, it is vital to choose income equities backed by companies with a wide economic moat, top-tier management teams, and business models capable of successfully navigating any type of economic cycle.
Source Fool.com
