Latest news with #passiveincome
Yahoo
13 hours ago
- Business
- Yahoo
3 Top Stocks to Buy With $7,000 and Hold for Decades in Your TFSA
Written by Andrew Walker at The Motley Fool Canada With the TSX trading near its record high, investors are wondering which top Canadian dividend stocks might still be good to buy right now for a self-directed Tax-Free Savings Account (TFSA) focused on passive income and total returns. Fortis (TSX:FTS) doesn't offer a high dividend yield, but the dividend-growth outlook and the reliability of the revenue and cash flow make the utility company hard to beat when it comes to finding a solid stock to own for income and long-term capital gains. Fortis owns $75 billion in utility assets spread out across Canada, the United States, and the Caribbean. The businesses include power generation facilities, electricity transmission networks, and natural gas distribution utilities. Companies and households need electricity and natural gas regardless of the state of the economy, so Fortis is a good stock to own during challenging economic conditions. Fortis grows through acquisitions and organic developments. The current $26 billion capital program is expected to raise the rate base from $39 billion in 2024 to $53 billion in 2029. As the new assets are completed and go into service, the increase in earnings should support planned annual dividend hikes of 4% to 6% over five years. Fortis raised the dividend in each of the past 51 years. Enbridge (TSX:ENB) is also a player in the natural gas distribution sector. In fact, its US$14 billion purchase of three natural gas utilities in the United States in 2024 made Enbridge the largest operator of natural gas utilities in North America. These assets, when combined with Enbridge's extensive natural gas transmission and storage assets in Canada and the United States, position the business to benefit from the anticipated surge in natural gas demand in the coming years. Gas-fired power generation plants are being built to supply electricity to hundreds of new AI data centres. Enbridge's oil pipeline infrastructure and oil export terminal remain strategically important for Canada and the United States. Enbridge's network moves about 30% of the oil produced in the two countries. Investors received a dividend increase in each of the past 30 years. The current $28 billion capital program should support ongoing dividend growth. Investors who buy ENB stock at the current price can get a dividend yield of 6%. Bank of Nova Scotia (TSX:BNS) is arguably a contrarian pick in the Canadian bank sector. The stock has underperformed its large peers for several years, but a new CEO is driving a turnaround plan designed to improve investor returns. The bank is shifting its growth focus away from Latin America to the United States and Canada. Bank of Nova Scotia spent US$2.8 billion in 2024 to buy a 14.9% stake in KeyCorp, an American regional bank. The deal gives Bank of Nova Scotia a platform to expand its U.S. presence. Earlier this year, the Bank of Nova Scotia sold its businesses in Colombia, Costa Rica, and Panama. It still has large operations in Mexico, Chile, and Peru. Investors will need to be patient, but the stock should be attractive at the current price, and you get paid a solid 5.9% dividend yield to wait for the transition plan to deliver results. Fortis, Enbridge, and Bank of Nova Scotia pay attractive dividends that should continue to grow. If you have some cash to put to work in a TFSA focused on dividend income, these stocks deserve to be on your radar. The post 3 Top Stocks to Buy With $7,000 and Hold for Decades in Your TFSA appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Andrew Walker has no position in any stock mentioned. The Motley Fool recommends Bank of Nova Scotia, Enbridge, and Fortis. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Forbes
a day ago
- Business
- Forbes
5 ChatGPT Prompts To Turn Your Expertise Into Passive Income
5 ChatGPT prompts to turn your expertise into passive income Every day you don't find ways of monetizing your expertise with passive revenue streams, someone with half your knowledge makes twice your income. They package mediocre insights into products that thousands of people buy, while you struggle with perfectionism and don't publish anything. They're not smarter than you. They just took action. What if your knowledge worked for you 24/7, earning while you sleep? You know your stuff. You already have everything needed to build income streams that multiply without you, and ChatGPT can help. Copy, paste and edit the square brackets in ChatGPT, and keep the same chat window open so the context carries through. You already solved problems others pay thousands to fix. Someone desperately needs that solution you take for granted, and they need it now. Your imposter syndrome is costing you money and it needs to stop. Create a course, ebook, or template from what you already know. Attack one specific problem really well. When I sold my agency, buyers didn't care about my credentials. They paid for the systems I'd documented. "Based on what you know about my expertise and the problems I solve, help me identify my most valuable knowledge to package. Ask me 3 questions about challenges I've overcome that others still face. Then create an outline for a digital product that solves one specific problem really well. Include the transformation it provides, 5 key modules, and how to price it based on the value delivered. Ask for more detail if required." Manual work is a trap disguised as dedication, and you can never get that time back. Build systems that sell and deliver without you. Set up email sequences, payment processing, and customer support. make your income truly passive when you let technology handle repetition. Create once, profit forever. The work happens upfront, the rewards compound daily. "Create a complete automation blueprint for my passive income product. Map out the entire customer experience from discovery to delivery. Include specific tools for payment processing, email sequences, file delivery, and basic customer support. Give me 5 key automations to implement first that will save the most time. Before starting, ask for more detail, including information about my ideal customer and dream business model." Everything you offer for free needs to be connected to what you actually sell. Give value first, then ask them to buy. Make your free stuff so good they can't imagine missing your paid content. Strategic generosity builds empires when you put a strategy behind it. Make every touchpoint move someone closer to becoming a customer. "Based on what you know about my target audience and main offering, design 5 strategic pieces of free content that lead naturally to my paid product. Each should solve a small part of the bigger problem my product addresses. Include specific topics, formats (blog post, video, template, etc.), and how each piece pre-sells my main offer without being pushy. Ask for more detail if required." Time for money has a ceiling, and products have a shelf life, but communities have infinite potential. Build a membership or mastermind around your product where customers teach each other. Every hour you put in is multiplied because hundreds of people can experience your value at once. Your best members support each other, and you're at the centre of all that gold. Set the culture, establish the framework, and invite people in. Get ideas for your community theme with AI. "Based on what you know about my expertise and ideal customers, design a scalable community model that generates recurring revenue. Include the community concept, structure, member benefits, pricing tiers, and how members will help each other succeed. Suggest 3 ways to make the community valuable even when I'm not actively participating. Ask for more detail if required." Most people overlook licensing, but it could be right for you. Teach others to do what you do and take a percentage, so your processes become profit for someone else. They white label your knowledge-based product, they build their own community, they pay you a fee. Other people doing the delivery means your income has no limits. Licensees handle clients, and you collect royalties. See if it's possible within your existing expertise and field. "Based on what you know about my unique methods and target market, create a licensing strategy that lets others profit from my expertise. Outline how to package my process for others to deliver, suggested revenue split models, and 3 types of professionals who would want to license my method. Include quality control measures to protect my reputation. Ask for more detail if required." Your knowledge deserves better and you know you could do more with it. Turn expertise into products people buy on repeat. Build automations that work harder than you ever could. Create content that attracts buyers while you sleep. Expand into communities where success multiplies itself. License methods that scale beyond your personal capacity. Stop planning. Start packaging. Your future self will wonder why you waited so long. Access all my best ChatGPT content prompts.
Yahoo
a day ago
- Business
- Yahoo
2 defensive shares for investors to consider for passive income in 2025
Generating passive income takes more work than many investors might think. I think the key is to pick high-quality dividend shares that can deliver regular income and weather any economic storms in the long run. That's why I've picked out two reliable dividend payers in the FTSE 100 that I think are worth considering for those investors trying to build a steady second income. Unilever (LSE: ULVR) is known as a reliable defensive dividend payer in the Footsie. The company has a wide portfolio with household brands including Dove and Magnum. This gives it global reach and steady demand even when the economy weakens. With a share price of £46.34 as I write on 18 June, the stock is trading on a forward price-to-earnings (P/E) ratio of 18.3. That's a touch higher than the Footsie average but I'd expect to pay a slight premium for defensive stocks. The company's 3.2% dividend yield makes it one worth considering. On top of that, I liked the company's full-year results announced in February, showing underlying sales growth of 1.9% and a 12.6% increase in profit. It's not all upside of course. Sluggish demand in emerging markets like Indonesia and China poses a risk to future growth. Of course, competition is fierce and margins remain tight while the company tries to keep up with ever-shifting consumer tastes. Still, for those seeking income with a defensive tilt, Unilever's consistency and dividend history are hard to ignore. Diageo (LSE: DGE) is another name that I think is worth investors considering for income. The company has a large portfolio of alcoholic beverages including Johnnie Walker and Guinness. The stock currently trades at around £19 at the time of writing, with a forward P/E ratio of around 15 and a dividend yield of 4.1%. Diageo's premium spirits segment makes up a significant chunk of its portfolio, which adds resilience in the event of further economic weakness. What about the risks? Recent weakness in Latin America and sluggish performance in the US has spooked some investors and contributed to a 25% decline in the company's share price over the past 12 months. Investors are also concerned by falling alcohol demand as the market for non-alcoholic options continues to grow. While I wouldn't expect enormous future revenue growth, I think Diageo's sheer size and ability to pivot towards trends in the beverage sector could deliver in the long run. The company has a diversified portfolio of top-tier brands, which underpins its ability to weather the economic cycle and deliver a steady long-term passive income stream. There are numerous quality dividend shares for investors to choose from. I believe in long-term investing and looking for opportunities to generate a steady second income. Defensive sectors like consumer staples can help to achieve this by being less susceptible to cyclical changes in consumer demand compared to companies in sectors like construction or leisure. However, that often means they can come at a higher cost with this perceived 'safety premium' reflected in the price. I think both Unilever and Diageo are large, well-established companies that hold strong market positions. I think that makes them worth considering as part of a diversified portfolio for investors seeking to build a long-term passive income. The post 2 defensive shares for investors to consider for passive income in 2025 appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool The Motley Fool UK has recommended Diageo Plc and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
a day ago
- Business
- Associated Press
ZA Miner Launches Zero-Cost Cloud Mining Platform With Daily Crypto Rewards and Referral Bonuses
London, UK, June 19, 2025 (GLOBE NEWSWIRE) -- Mine popular coins effortlessly with no hardware, no upfront cost, and earn daily rewards, referrals, and more. London, UK – June 19, 2025 — ZA Miner, a new cloud mining service regulated by the UK's Financial Conduct Authority, has officially launched its global platform, making crypto mining more accessible than ever. With a zero-cost entry model, instant daily payouts, and a sustainable infrastructure, ZA Miner opens the door to passive income for users around the world—no hardware, no technical setup, and no hidden fees. New users are welcomed with a $100 starter mining contract completely free of charge, allowing them to begin mining Bitcoin, Dogecoin, or Litecoin from day one. The platform's intuitive design and automated systems make it ideal for both beginners and crypto veterans looking to diversify their earning streams. 'We built ZA Miner to remove the traditional barriers of crypto mining,' said a spokesperson for ZA Miner. 'There's no expensive equipment to buy, no maintenance, and no energy costs. Our users can sign up, activate a contract, and begin earning daily rewards automatically.' Key Features and Benefits: Affiliate Program and Community Growth ZA Miner also launched a referral program, allowing users to earn commission from friends they invite. The program offers a percentage of the referred user's mining activity as a bonus, turning word-of-mouth into a valuable income stream. Recent community events, such as cashback offers and top-up bonuses, have seen significant participation, further driving user growth. Rapid User Adoption and Timely Launch The platform has already seen a strong uptake in registrations since its soft launch earlier this quarter. With rising cryptocurrency interest and increasing mining difficulty, ZA Miner enters the market at an ideal time, offering users a simple and low-risk alternative to traditional mining setups. 'We're seeing more people who want to participate in crypto without the complexity or high costs. ZA Miner is built for them,' the spokesperson added. How It Works Users can also upgrade to larger mining contracts with higher returns at any time, choosing from a range of flexible plans. About ZA Miner ZA Miner is a UK-based cloud mining provider offering simple, secure, and sustainable crypto mining solutions for individuals worldwide. With a focus on accessibility, clean energy, and automated passive income, ZA Miner aims to democratize mining and empower users to earn from the blockchain economy, without technical barriers or hidden costs. Don't miss your chance to earn sustainable crypto income effortlessly — sign up with ZA Miner today and join the future of cloud mining! ( ) Disclaimer: Name: ZA miner Email: [email protected]
Yahoo
a day ago
- Business
- Yahoo
Why I Keep Buying This 5.8%-Yielding Dividend Stock and Expect to Buy Even More Shares in the Future
W.P. Carey generates very stable rental income to pay dividends. The REIT's leases escalate rents at either a fixed rate or one tied to inflation. Its solid financial profile gives it the flexibility to invest in expanding its portfolio. 10 stocks we like better than W.P. Carey › I really want to become financially independent. I don't like the stress of worrying about how I'll make a living if AI eventually takes my job. This desire is driving me to grow my sources of passive income. My goal is to eventually generate enough passive income to cover my basic living expenses. That way, I won't have to fret if my income from working were to disappear. My foundational strategy is investing in high-quality, high-yielding dividend stocks. One of my core holdings is W.P. Carey (NYSE: WPC). I recently bought more shares of the high-yielding real estate investment trust (REIT), which I expect to continue doing in the future. Here's why I believe W.P. Carey can help me reach financial independence through passive income. W.P. Carey owns a well-diversified portfolio of high-quality, operationally critical properties across North America and Europe. It primarily invests in single-tenant industrial, warehouse, retail, and other properties secured by long-term net leases with built-in rent escalations. Net leases provide it with stable rental income because tenants pay all property operating costs, including routine maintenance, real estate taxes, and building insurance. Meanwhile, the rental income tends to rise each year as its leases escalate rents. Forty-seven percent of its leases climb at a fixed rate, while 50% are tied to inflation. The diversified REIT aims to pay out 70% to 75% of its stable cash flow in dividends. That gives it a comfy cushion while allowing it to retain some cash to fund new income-generating real estate investments. W.P. Carey also has a rock-solid investment-grade balance sheet. It maintains a conservative leverage ratio with a target in the mid-to-high fives range. The ratio came in at 5.8 at the end of the first quarter. Its strong balance sheet gives it the capacity to continue paying dividends and growing its portfolio during more challenging times. The combination of stable income and financial strength puts W.P. Carey's high-yielding dividend on a sustainable foundation. For context, its 5.8% yield is about four times higher than the S&P 500's sub-1.5% dividend yield. W.P. Carey has more embedded rent growth than the typical net lease REIT because more of its leases feature escalation clauses that link rates to inflation. That strategy has paid off in more recent years as elevated inflation has driven faster rent growth for W. P. Carey. Its same-store annual base rent rose at a 2.4% annualized pace in the first quarter and has increased by as much as a 4.3% annualized rate in recent years. For perspective, leading net lease REIT Realty Income expects to capture only around 1% annual base rent growth this year because of lower annual fixed rental rate escalations. New investments are W.P. Carey's other growth driver. It expects to spend between $1 billion and $1.5 billion to add new properties to its portfolio this year. It has already secured nearly $450 million of new investments in the first quarter, including a $136 million, 59-property sale-leaseback transaction with Reddy Ice for industrial and warehouse properties in the United States. It also had about $120 million of development projects scheduled for completion this year and several hundred million dollars of additional deals in advanced stages in the pipeline. The company plans to internally fund its 2025 investment rate through post-dividend free cash flow, non-core asset sales, and new debt while remaining within its targeted leverage range. W.P. Carey intends to sell between $500 million and $1 billion of properties this year, primarily self-storage properties not currently secured by net leases. It's also selectively selling retail and warehouse properties linked to lower-quality tenants. The REIT can increase its investment rate if market conditions improve by selling stock to fund additional new investments. Rising rental income and portfolio growth positions W.P. Carey to grow its cash flow per share. That allows the REIT to raise its dividend. It has hiked its payment level every quarter since resetting its dividend following its strategic decision to exit the office sector in late 2023 by selling and spinning off those properties. Before that, W.P. Carey had increased its dividend at least once annually for a quarter century. W.P. Carey has everything I want in a passive income investment. The REIT's portfolio generates very stable cash flow to support its high-yielding dividend. It also has the financial flexibility to grow its portfolio, which allows it to steadily increase its dividend. That attractive and growing income stream will help me reach my passive income target sooner. It's why I keep buying shares of W.P. Carey and expect to continue adding to my position in the future. Before you buy stock in W.P. Carey, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and W.P. Carey wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has positions in Realty Income and W.P. Carey. The Motley Fool has positions in and recommends Realty Income. The Motley Fool has a disclosure policy. Why I Keep Buying This 5.8%-Yielding Dividend Stock and Expect to Buy Even More Shares in the Future was originally published by The Motley Fool
