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When I look at the London stock market today, what I see mostly is a potential passive income gold mine.
The Footsie is packed full of companies that generate bags of cash. And, for some reason, the market often has them on much lower valuations than similar US-listed stocks.
Some great high-yield stocks have risen in price over the past year. And that means they’re not such big bargains as they might have been a year ago.
But if a stock is only very cheap today, rather than stupidly cheap last year? In my books, that’s still a great reason to consider buying.
Long-term favourite
Today I’m looking at one of my top long-term holdings. It’s the the largest multi-line insurance company in the UK, Aviva (LSE: AV.).
And just look at the chart below to see how the stock has come back in the past 12 months.
Even after that ride though, the forecast dividend yield is…
