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If you want to make at least $1,000 in passive income a month from the stock market, here are the 3 strategies I personally use:
1. Buy S&P 500 stocks and ETFs that pay dividends—Some of my favorites are Costco, Walmart, Microsoft, Visa, and SCHD.
2. Keep a portion of my portfolio in a Fidelity money market (SPAXX)—The higher interest here pays me around $200 a month.
3. Sell covered calls—This generates even more income.
These 3 strategies are how I build consistent passive income every month. What do you like to do to make passive income?
-Steve
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You forgot to mention that you have to own more than 100 shares of those stocks to generate income using your strategies
Please send the invite link! Thanks for sharing!
Passive income
Invite link 😊
Those are all ironically very low paying dividend stocks and schd is average at best compared to other available dividend paying ETF’s. How about something like Pfizer instead that has a 6.8% dividend yield.