2006-10-31 05:01:21 · 10 answers · asked by Gaura 2 in Business & Finance ➔ Investing
You could open an online saving account to get around 5% APR on your money, but 20K with 5% will not really give you anything substantial.
2006-10-31 05:11:02 · answer #1 · answered by MoooDude 2 · 0⤊ 0⤋
If you mean literally "passive income" as per IRS definition you generally are looking at Real estate. As $20k not enough for that unless you have good borrowing power open an acct @ schwab.com & buy some Reits/Reit funds along with some gold & growth funds. RRE IAU EAF 3 to ponder
2006-10-31 13:04:42 · answer #2 · answered by vegas_iwish 5 · 0⤊ 0⤋
I assume you mean portfolio income which is arrived at by investing in a manner that will give you interest, dividends and capital gains.
Passive income is received through investing in rental real estate or a business that you don't work in.
2006-10-31 13:28:30 · answer #3 · answered by waggy_33 6 · 0⤊ 0⤋
With $20,000 there is not too much you can do with that. you could open a savigns account emigrantdirect. they are offering 5.05% Zero risk there. Or you could try investing in a blue chip compnay like Citicorp and earn dividends
2006-10-31 13:17:32 · answer #4 · answered by Wibble 4 · 0⤊ 0⤋
depends on what area you are in and what the real estate market is like there. you could use it for a downpayment on a stated income loan, get yourself a nice little renter. 266 shares of Philllip Morris (MO), paying 4.2% dividend. or if your the low risk low yield you could always put it in an annuity.
2006-10-31 13:12:50 · answer #5 · answered by coldradium23 2 · 0⤊ 0⤋
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2006-10-31 15:07:21 · answer #6 · answered by ui j 1 · 0⤊ 1⤋
Invest it in a big project and as far as i know you will get it by ratio or even if you employ capable people and open a finance company industry.
2006-10-31 14:19:24 · answer #7 · answered by Sharmila G 2 · 0⤊ 0⤋
if you are a serious person you can do network marketing and earn residual income. If you care for any information I'll send it your way. Take care.
2006-10-31 14:52:24 · answer #8 · answered by lapsuslingue 3 · 0⤊ 0⤋
Buying cars at whole sell putting little work into them and then retailing them.
2006-10-31 13:06:30 · answer #9 · answered by giancarlo406 1 · 0⤊ 0⤋
Put it into an annuity>
2006-10-31 13:04:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋