Want $2,000 in Passive Income? Invest $30,000 in These 2 Stocks
Everyone should love passive income and want to accumulate as much of it as possible. Getting money for doing nothing is why dividend stocks are popular and why holding those types of investments can lead to significant returns.
Imagine investing $50,000 in a group of stocks or an exchange-traded fund that pays a yield of 5% every year. Even without any increases to the payout over a 30-year period, that would result in $75,000 in dividend income for your portfolio -- with zero effort required. And that doesn't factor in the gains you might also accumulate from owning those investments.
Two stocks that pay even more than 5% and are great options for you today include CareTrust REIT (NYSE: CTRE) and Camping World Holdings (NYSE: CWH). Investing just $30,000 across these two stocks would be enough to earn you at least $2,000 in passive income each year.
Source Fool.com
