Five carefully chosen ETFs can convert a portfolio into a reliable passive income source when allocated equally at 20% each. Start by selecting one or two ETFs that provide direct exposure to the S&P 500, such as SPY or VOO, for broad market coverage. Complement those with three additional ETFs to diversify income sources and sector exposure. Maintain low fees and prioritize safety-first investment principles while conducting personal due diligence before investing. Market-cap-weighted S&P 500 ETFs typically include roughly 500 stocks spanning utilities, technology, industrials, consumer discretionary, and other sectors.
Is it possible to turn your portfolio into a reliable passive income machine? Absolutely, it is possible and you can achieve this goal with five carefully chosen exchange traded funds (ETFs). To start off, you'll definitely want to pick a couple of ETFs that provide direct exposure to the S&P 500 or SPX. Then, you can round out your portfolio with three more worthy ETF picks.
Brought to you by State Street Investment Management, the SPDR S&P 500 ETF Trust is billed as the "original S&P 500 ETF." This fund covers approximately 500 stocks across a wide range of economic sectors, from utilities to technology, industrials, consumer discretionary, and more. Like SPX itself, the SPDR S&P 500 ETF Trust is market capitalization weighted and includes practically every U.S. blue-chip name you can think of.
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