How I’d make a reliable passive income with cheap dividend stocks

The 2020 crash means that many investors are looking outside of the stock market to make a passive income. For example, they may buy property or hold bonds instead of buying cheap dividend stocks at a time when their future prospects are relatively uncertain.

However, dividend shares offer strong income prospects due in part to their high yields. They also have growth potential that could allow you to obtain a robust income in the long run when owning a diverse range of shares in a portfolio.

Dividend affordability for a reliable passive income

Perhaps the most important aspect of obtaining a reliable passive income is ensuring that a company’s dividends are affordable. There is very little to be gained in purchasing a stock that…