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RE: How To Create Passive Income
Interesting bit on the ConocoPhillips stock. I was not aware that is how things worked. No wonder "rich" people carry stock across many companies, dividends could bring in quite a bit of residual income.
Yup, also most companies allow you to reinvest those dividends if you want without paying any type of fee. Normally you would collect the money and then buy other stocks but you end up paying a fee for the transaction. By reinvesting the options (if the company provides this I know fidelity does) you can save big on these fees.
Thanks for the information. Learning new stuff here.