Suppose someone handed me a chunk of cash to buy a passive income stock, but they set a few conditions.
The money has to go into a single FTSE 100 stock, and must be kept there for 10 years. Oh, and it must be a single company, with no investment trusts or anything like that allowed.
What would I buy?
That’s a tough one. My first instinct would have been to go for an investment trust, maybe something like Land Securities Group, with its forecast 6.1% dividend yield.
In fact, that real estate investment trust (REIT) is on my candidates list for my next Stocks and Shares ISA buy.
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Finance stocks?
If that’s not allowed, my thoughts turn to the…
