Want $2,000 in Passive Income? Invest $10,000 in These 2 Monster Energy Stocks and Wait 2 Years
Many companies distribute a portion of their earnings to investors, enabling them to generate some passive income. However, some companies are very generous with their cash distributions. That allows their investors to collect a lot more passive income.
Two monster passive-income producers are Energy Transfer (NYSE: ET) and Crestwood Equity Partners (NYSE: CEQP). A $10,000 investment spread between these two energy companies could produce $2,000 of passive income in as little as two years. Here's how they can supercharge your passive-income production.
Energy Transfer is a master limited partnership (MLP) focused on owning energy midstream assets like pipelines, processing plants, storage terminals, and export facilities. Those operations generate relatively steady cash flow that's backed by long-term, fixed-fee contracts, and government-regulated rate structures. Meanwhile, MLPs are pass-through entities that typically distribute a large portion of their stable income to investors.
Source Fool.com
