How much passive income will you get from your portfolio?
Let's set the context straight from the get go.
Passive income here refers to the following. I quote from here.
Passive income can be loosely defined as income that continues to be earned after some initial work, and that requires little-to-no daily effort to maintain. Examples of this could be rental income from an investment property, dividends from a business that you own, or even royalties from a book or a piece of music.
In this post, the passive income refers to the dividend from that shares(stocks) you buy. I quote from here.
A dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. Common shareholders of dividend-paying companies are typically eligible as long as they own the stock before the ex-dividend date. Dividends may be paid out as cash or in the form of additional stock.
Like i said previously, it's easy to do the math and come out with some targets/kpi for yourself. The difficult part is the actual walking the talk, to really start buying shares. I have met with many people who have been telling me they really want to start investing their excess cash, but years down the road, they are still saying the same thing and they dont even have a trading account after years of talking. Why like this?
Thats all folks for today! As what bruce lee said, be like water, my friend!
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