Alexandoy
VIP Contributor
My wife has stocks worth about $30,000 in the present market price. It earns her annual dividends that are given to shareholders of the biggest bank here which is considered a blue chip stock. It may sound absurd but I think if I can buy stocks worth $100,000 then that could give me a substantial passive income that can definitely augment my meager pension and can even handle the household expenses.
A friend is planning to invest all his retirement pay (around $600,000) in stocks but only in blue chip stocks to give him peace of mind. He will be after the dividend only which is not really big but can be substantial depending on your needs. When he needs the money then he can sell the stocks to get back his invested money.
A friend is planning to invest all his retirement pay (around $600,000) in stocks but only in blue chip stocks to give him peace of mind. He will be after the dividend only which is not really big but can be substantial depending on your needs. When he needs the money then he can sell the stocks to get back his invested money.