Passive income, as per IRS definitions, encompasses earnings from rental activities or businesses in which individuals do not materially participate, which is the hallmark of a more relaxed revenue model.
With the world experiencing consistent price increases, having a monthly income is crucial for many individuals who face regular monthly bills and expenses.
Our research has found that investing $22,500 in select ultra-high-yield stocks could yield nearly $3,000 annually, showcasing a viable path to passive income.
AGNC Investment Corp. exemplifies a reliable choice for passive income, with a solid dividend yield of 14.90%, making it suitable for those seeking high monthly returns.
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