2 ms·
A few ideas depending on your definition of passive and your tolerance of risk. 1) If/when stock prices enter recession mode, buy up a strong blue chip (e.g AT
by anoncoward111 8y ago
A few ideas depending on your definition of passive and your tolerance of risk.
1) If/when stock prices enter recession mode, buy up a strong blue chip (e.g ATAT or Verizon) and collect the 4% dividends as income.
2) High yield checking accounts. Mine pays 2% and that is genuinely riskless and passive.
3) Become a consultant and farm out any menial work you can't do yourself to a loyal and trusting associate (like me!)
4) Consider an annuity. Even though I personally feel like they're a horrific scam designed to make insurance brokers a lot of money, guaranteed income is a really powerful thing, especially if you are planning to live deep into your 90s and dont have any retirement accounts or pensions.