Investing $10,000 Into This Supercharged Dividend ETF Could Generate Over $1,000 in Passive Income Each Year
There are many ways to generate passive income. One of the easiest is to invest in an exchange-traded fund (ETF) focused on income-producing investments. These professionally managed funds come with built-in diversification, making them ideal investments to buy and hold for passive income.
The Global X SuperDividend ETF (NYSEMKT: SDIV) enables investors to maximize their passive income production. The fund invests in 100 of the highest dividend-paying stocks around the world. Over the past 12 months, the dividend ETF's yield is over 10%. At that rate, a $10,000 investment in the ETF would produce over $1,000 of dividend income each year.
The caveat is that with that higher yield comes a higher risk profile.
Source Fool.com
