As you try to optimize your financial life, it's smart to seek passive income -- streams of money that flow to you, requiring little or no effort on your part. Sources of passive income include annuities, interest from savings accounts, and/or rent checks for properties you own and lease out.
A particularly wonderful kind of passive income is from dividends, and one of the easiest and most effective ways to invest in dividend-paying stocks is via dividend-focused exchange-traded funds (ETFs). I'll soon delve into several solid ones.
First, here's a refresher on why you might want to favor dividends for your long-term portfolio. Check out the table below and see if it surprises you:
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