Want $5,000 a Year in Passive Income? Just Buy These 3 High-Yield Dividend Stocks With $50k

"Investing $50,000 in diversified high-yield ETFs offers a safer approach compared to investing in individual stocks, particularly with options like QDVO, QQQI, and SPYI."

"To earn $5,000 in passive income annually, achieving a 10% average yield is necessary. High-yield ETFs provide a balanced risk-to-reward strategy for this goal."

Investing $50,000 in diversified high-yield ETFs, such as QDVO, QQQI, and SPYI, can generate $5,000 in passive income annually. Achieving a 10% average yield is necessary for this income level. Diversification reduces risk, as high-yield individual stocks can be unreliable. The QDVO ETF, for example, holds 48 stocks from well-known companies, balancing income and safety, eliminating the need for stock selection. Although higher yields may be tempting, safety should not be compromised when targeting income from dividends.

Read at 24/7 Wall St.