How to Generate Passive Income with Dividend Investing for Philanthropic Purposes

Passive income, that which comes in whilst you are not doing anything, can be a great way to help you generate additional cash flow for philanthropic purposes. What if you can have money flowing in continuously to be used for philanthropic causes, while keeping your initial invested capital in the stock market for capital preservation and potential capital appreciation? Read this article to learn how this can be attained through a dividend-paying portfolio, Bloom Investment Counsel Inc.’s specialty.

What is Passive Income?

Passive income is your earnings from a source other than your employer or contactor in which you are not actively involved in generating the income. With passive income, you can continue having the stream of cash flow as you pursue your primary job or day-to-day activities. 

Passive income sources can include investing in dividend-paying stocks which will generate passive income without you having to sell the investments,, earning rental income, purchasing a bond ladder and more. In this article, we will focus on dividend-paying stocks.

Passive Income For Philanthropic Purposes with Bloom Investment Counsel, Inc.

Many people may think that passive income is creating something out of nothing—a “get-rich-quick” appeal—however, it involves your own work upfront or you can let a professional do the work.

When you invest in dividend-paying stocks, you receive a payment at regular intervals (usually quarterly or monthly) from the company, and you remain invested. All you need to do is own the stock. The more stocks you own, the potential for a higher payout but of course this also involves a bigger investment on your part.

However, it isn’t as simple as investing in dividend-paying stocks with the highest yield. The tricky part is to choose the right stocks. Companies with high yields may not necessarily be able to sustain the high yield.

Ideally, you should have a portfolio of diversified dividend-paying stocks, thereby helping to provide some protection from economic downturns with the potential upside for capital gains.

Bloom Investment Counsel Inc. can help.

Established in 1985, Bloom Investment Counsel Inc. is a Toronto-based independent investment management firm that specializes in creating and actively managing diversified customized portfolio of Canadian and U.S. dividend-paying stocks for high-net-worth individuals and families, family offices, foundations, corporations, institutions and trusts.

Our customized dividend-paying investment portfolios can help you generate an additional stream of income for philanthropic purposes, if desired, while continuing to preserve and build wealth.

Visit our website at www.bloominvestmentcounsel.com/investmentmanagement to learn more about our personalized dividend-paying portfolio services.

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This content is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this content should consult with his or her financial partner or advisor.

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