Imagine if someone had a private bank account that was used solely for the purpose of funding automatic investments that required only an hour or two’s worth of effort per year.
What I have in mind is something like this: let’s say you accumulated 1,250 shares of Vanguard Natural Resources (you could have done this by purchasing $5,000 worth of the MLP over the past four years). It currently pays its unitholders $0.205 per month. Now that’s what I call cash flow. That would work out to $256 per month, or $3,072 per year.
Let’s say you set up a bank account with the exclusive purpose of funneling that $3,072 in passive income from Vanguard Natural Resources into shares of ConocoPhillips and ExxonMobil. Both of those companies, if you use the Computershare investing service, allow you to automatically debit $50 or greater from your bank account each month free of … Read the rest of this article!
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