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Here’s how to aim for a £1,000 passive income by investing just £5 a day in dividend stocks!
['Zaven Boyrazian', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The UK's home to some of the most generous income stocks anywhere in the world, with plenty of shares yielding 5% or even 6% for investors to explore right now.
With just £5 a day, or roughly £150 a month, it's possible to start generating a genuinely useful £1,000 in annual passive income within just a few short years.
Investing £150 a month at an 8% annualised return, in line with the stock market's long-term average, would grow into a portfolio worth roughly £16,817 after seven years.
At a 6% dividend yield, that pot would generate around £1,009 a year in passive income.
So which 6%-yielding income stocks should investors be looking at?