Build the Ultimate Passive Income Portfolio With Just $5,000

Ever daydreamed about making your money work for you while you kick back on a beach? Well, there’s a dynamic duo in the financial world that might just be your ticket to those dreams: the Tax-Free Savings Account (TFSA) and covered call exchange traded funds (ETFs).

With the sweet tax perks of a TFSA and income magic of covered call ETFs, even a modest $5,000 can get you off to a solid start. In this piece, we’ll break down how this can work for your five grand and – just for fun – peek at what happens if you up the ante.

Click here to read the full article on The Motley Fool

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