Sports and Competition
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Sports and Competition
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Sat, December 14, 2024
[ Sat, Dec 14th 2024 ] - The Motley Fool UK
Some passive income ideas really are simple. Here's one!

Some passive income ideas really are simple. Here's one!


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Published in Sports and Competition on by The Motley Fool UK   Print publication without navigation

Christopher Ruane explains why he likes to stick to the tried and tested when hunting for possible passive income ideas he can use.

The article from Fool.co.uk, published on December 14, 2024, discusses a straightforward approach to generating passive income through investing in high-dividend stocks. It highlights the simplicity of this strategy, focusing on the example of Legal & General, a FTSE 100 company known for its consistent dividend payments. The piece explains how investors can benefit from Legal & General's high yield, which is currently around 8.5%, by simply buying and holding the stock. It emphasizes that while this method is passive, it requires careful selection of stocks with a history of stable or growing dividends, and also mentions the importance of diversification to mitigate risks. The article concludes by suggesting that while this passive income idea is simple, it's not entirely without risk, but it can be a reliable source of income if managed properly.

Read the Full The Motley Fool UK Article at:
[ https://www.fool.co.uk/2024/12/14/some-passive-income-ideas-really-are-simple-heres-one/ ]

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