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.
Sports & Competition
Sat, December 14, 2024 
