£2k in savings? Consider this investment strategy for lifelong passive income
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Dividends paid by publicly listed companies (stocks) is the best, and arguably most predictable, way of earnings a passive income. And unlike with real estate investments, we can start building a diverse portfolio of stock investments with a relatively small amount of cash.
Unfortunately, £2,000 in savings isn’t going to generate much passive income today — at most, we could achieve £180 in the first year. However, there’s a simple and well-trodden path for turning our savings into a mega portfolio capable of generating life-changing passive income.
The recipe for success
Starting with £2,000 in savings, here’s how an investor can grow their money into a bigger portfolio that…
