I’ve been using Robinhood to earn some passive income through dividends. With over 3 million users, Robinhood has saved its users more than $1 billion in commissions. The no-fee commission setup makes it easy for me to gradually build a solid stock portfolio without having to make large purchases all at once. If you sign up using my code, we both get a free stock share, so join Robinhood today.
Living off dividends is the ultimate goal, and investing for passive income is definitely achievable. Once you have a well-structured dividend portfolio, you shouldn’t need to do much to keep receiving income and see your capital grow.
In my latest stock purchases, I picked up shares in the PIMCO Strategic Income Fund (RCS). Although interest rates are rising and bond values might drop, I decided to buy a few shares. My current portfolio didn’t have any bond exposure, so this adds about a 9.36% annual yield and some regular monthly income. This fund is currently a small part of my portfolio, only about 0.24%, so I’m not worried about changes in the bond market. I plan to keep adding to this position over time.
I’m happy to answer questions or hear your thoughts, so feel free to leave comments below. You can also learn more about investing for passive income and how to live off dividends. Subscribe to my newsletter, and I’ll send you a free copy of my book.
Best,
M.M. (the dividend growth investor, passive income extraordinaire)