Love Passive Income? Investing $10,000 in This REIT Could Make You $70 Each Month
Passive income sounds soothing right now, doesn't it? Heck, passive anything sounds soothing while watching your investments get crushed so soundly and so broadly.
Passive income basically means you get paid for your investment without actively managing the asset. Dividend stocks are a good example. Within that subset are real estate investment trusts (REITs), which are portfolios of income-producing assets whose managers are required by tax law to fork over at least 90% of their taxable earnings to shareholders.
Dividends are how that happens. There are about 225 publicly traded REITs, and they produce an average yield of about 3.5%, more than double that of the S&P 500. That means some do better than that, of course, and there are nearly 20 that pay dividends monthly.
Source Fool.com
