Imagine using $10.00 and investing $1.00 into 10 of your favorite dividend producing companies, such as Johnson & Johnson ( JNJ), PepsiCo ( PEP), McDonald's ( MCD), Apple ( AAPL) or JPMorgan ( JPM). The beauty of it is the low cost and the instant diversification you could have. In addition, other brokerages may allow fractional share investing, outside of Robinhood. Here is a screen shot below, from their site, showing an $80 investment and acquiring fractional shares with those funds.
You can invest $5.00 and put $1.00 in each of our top 5 foundation dividend stocks even. Therefore, with even as little as $1.00, you can invest and buy a fractional share. For example, Robinhood has now introduced fractional share investing.
#2 - Fractional SharesĪs technology has advanced, investing applications have gotten far better than how they were years ago. Boom, the passive income stream has begun.
Buying 1 share of AT&T would provide $2.10 in forward dividend income. Once funds are available for use, you can click Trade and add a market or limit order (limit order = you place the price you'd like to make a purchase, if the stock price hits) to acquire 1 share of AT&T. You can make a transfer in for $30.00 and that would be enough to buy 1 share of AT&T ( T), one of our top 5 foundation dividend stock. For example, if you had $30.00, you can sign up for a brokerage account (at any of the names listed above) and link your banking account to it. Becoming a dividend investor has never been so simple. Robinhood, which we will discuss later, allows you to even become a beginner investor with as little as $1.00. There are also mobile/tech-savvy brokerage accounts like Robinhood, Acorns, M1 Finance and many others. Here are a few other brokerages that come to mind: Both stock brokerages are extremely easy and it's all about finding what works with you. I personally use Ally Investing and I know Bert uses Fidelity's brokerage services. Opening a brokerage account is so easy now. #1 - Low Cost to Entryĭue to stock brokerage firms and investment companies reducing or slashing their trading fees to $0.00, this has allowed the lowest cost to create an additional source of passive income. Still haven't given enough thought about dividend income? Time to bring out the top 5 reasons that we think dividend income is the easiest and, arguably, the best passive income source. There is also the chance you accidentally clicked on this article and are now thinking - who the heck are the Dividend Diplomats?! We are here to help you on your journey with investing, financial freedom or even financial education. You also may be here because you are a dividend investor or other investor and you are interested in creating more dividend income or even adding dividend income as an investment to create a cash flow source. If you are on this blog, you may be on here either learning about financial freedom or are looking for other income sources to create to reach this promised land.
#Easiest passive income how to#
Further, even more information is available to beginner investors to help teach you how to invest and where to start, including our blog. In addition, you can do it all from the palm of your hand, with your phone. Today, dividend investing is easier and takes surprisingly far less capital than $50. I started back then (yes, I am getting old here) with a $50 commitment, per month.
Dividend investing was the easiest passive income source that I was able to start. There is no lie about why I love dividend investing. 5 reasons dividend income is the easiest passive income source As our Dividend Diplomats name suggests, dividend income is the easiest passive income source and here are 5 reasons why. Further, it does not have to be time nor capital intensive as others make it out to be. However, I am here to talk to you about the easiest passive income source that you can start today or now, if you wanted. Everyone is interested in creating a form of passive income.
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