5 Passive Income Stocks That Can Make You Richer
Investing goals tend to change over time. Although many focus on creating wealth, preserving it is an underrated part of the journey. Dividend stocks that pay you for holding shares are an excellent tool for wealth preservation, and come with perks like the ability to cover your expenses or reinvest your dividends to grow your dividend income.
But instead of looking at traditional stocks, consider real estate investment trusts (REITs). These are real estate companies designed to generate income for shareholders. Here are five great examples to start your search.
Retail REIT Realty Income (NYSE: O) acquires and rents out single-tenant retail buildings in the U.S. and Europe. It's one of the largest REITs in its industry, with about 11,400 commercial properties that generate $3.1 billion in annualized rent. Realty Income does net leases, where the tenant is responsible for taxes, insurance, and upkeep.
Source Fool.com
