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I’ve been using Robinhood to generate passive dividend income. Robinhood has over 3 million users now and has saved its user over $1 billion in commissions. The NO-FEE commission structure has allowed me to scale up a generous portfolio of stocks over time with no hassle of buying large chunks of a time. If you use my code we will both get a share of FREE STOCK, so Join Robinhood Here.
You can find my other Robinhood Passive Dividend Income Portfolio updates here.
Robinhood Passive Dividend Income Portfolio – January 2018
Living off dividends is the ultimate goal and investing for passive income is real. Once you build an optimal dividend portfolio, you shouldn’t have to do much more work to continue receiving income and capital appreciation.
New Stock Purchases:
- PIMCO Strategic Income Fund (RCS): Yes, rates are increasing. Bonds should lower in value. I only bought a couple shares of this strategic income fund. My current passive dividend income portfolio has no bond exposure at all. This will add an ~9.36% annual yield to the portfolio and some nice monthly income. It currently represents only 0.24% of my total portfolio, so I’m not too concerned about the headwinds in the bond market. I can continue adding to my position as well.
New Stock Sales: None
See Related: M1 Finance vs Robinhood: What is Better?
As always, ask questions or commentary in the comments section below. Here is how you can learn to invest for passive income and live off dividends.
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M.M. (the dividend growth investor, passive income extraordinaire)