Passive Income with Preferred Stocks: Preferred ETFs Provide a Monthly Passive Income Stream

Do you dream of bringing in money every month without having to work for it? It's entirely possible to score some serious passive income with preferred stocks. Preferred ETFs provide a monthly passive income stream.

A couple of options are from iShares and Invesco, and the ticker symbols are PFF and PGX. This PFF ETF review and PGX ETF review will help you learn whether these offers might be worth placing in your portfolio.

These ETFs have a dividend yield that's around 5.5%, and they can come with lower volatility than common share ETFs. This will hurt your ability to build wealth through capital gains, but if you're looking for monthly income, these funds should work quite well.

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I am not a licensed financial professional. Content intended for entertainment/educational purposes.

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