The FTSE 100 has finally broken through 8,000 points in 2024. But it still looks like good value to me.
The index is home to some shares on very low forecast price-to-earnings (P/E) ratios, like International Consolidated Airlines, at less than five.
And there are some big dividend yields, like Phoenix Group Holdings on 10%, and M&G at 9.5%.
The trick to earning some top passive income is to find the stocks that are set to make us the best returns in the years ahead, right? Well, no, not necessarily.
Buy them all
What if we just buy them all? What I mean by that is to put our money into a FTSE 100 index tracker. That’s a fund that just follows the index, either by clever computer work or by buying shares in all of them.
Over the long term, the FTSE 100 has produced average total annual returns of close to 7% per year.
So, by setting up a regular investment into my ISA to buy tracker fund shares, how soon might I…
