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Are you nearing your retirement and in the process of converting some of your wealth into a pension? Then, don’t just rely on fixed-income securities. Diversify your wealth across multiple passive-income sources. When you think about earning without working, what options come to mind? Landlords, money lenders, and investors — each has its pros and cons. But you can take the pros of two, combine them, and build yourself different income sources.
How to earn passive income from TSX
As a landlord, you might have to shell out money for legal work, property tax, maintenance, and other charges. There is also the risk of your property remaining vacant. Moreover, it isn’t easy to buy or sell a property. You can skip all this and get exposure to rental passive income for less than $12 per unit and with the liquidity of a stock.
The TSX stock exchange offers several passive income sources, from
