Keep in mind there is always overhead. There's no such thing as a cash machine that requires no maintenance.
I'd look at high dividend yield stock that pays out monthly (6% yield or more). This will give you monthly income with minor hassles, since the companies are large. Unless you are a fantastic investor, don't look for capital gains (making money off stock price increases) because there's lots of speculation:
http://simoniqe.wordpress.com/2009/10/25/how-to-not-lose-mon...
Domestic oil pipeline companies are a good bet because they pay high dividends and are stable in price since they get paid no matter what. Investing in oil is an ethical dilemma but there are domestic oil companies that are better. PIF.UN is an example of a domestic Canadian one that pays about 10% monthly dividends with no hassles, but if in the US you must never trade in other currencies. Preferred stock also provides a stable price and in this economy you can easily get 10% or more monthly div's. Investigate DDR.PR.G or other Real Estate Investment Trusts (REITs) if you like the real estate angel. Be careful if the yield is above 12% because it could be that the stock's price is falling, which inflates the yield %. I AM NOT A CERTIFIED INVESTOR. I AM A STUPID PROGRAMMER WHO FOUND THESE STOCKS IN IDLE TIME. DO YOUR OWN RESEARCH BEFORE BUYING!
A great resource is Stock Chase:
http://www.stockchase.com/
It's like a Twitter but only from professional investors.
Both real estate and web acquisitions have little daily work but are very interruptive. You have leaks, storms, tenants causing problems and for the web, downtime events or security updates that often the need attention of an owner at 3 AM at night.
"I could imagine for example buying existing web sites that have proven ad revenue"
I've gotten burned bad on small website acquisitions. There is full time work involved for many months in terms of at least ensuring the acquisition is worthwhile, and often without dedicating workers full time to deal with it, things go south. Owners claim they do little work to maintain it and this is generally false.
I'd look at high dividend yield stock that pays out monthly (6% yield or more). This will give you monthly income with minor hassles, since the companies are large. Unless you are a fantastic investor, don't look for capital gains (making money off stock price increases) because there's lots of speculation: http://simoniqe.wordpress.com/2009/10/25/how-to-not-lose-mon...
Domestic oil pipeline companies are a good bet because they pay high dividends and are stable in price since they get paid no matter what. Investing in oil is an ethical dilemma but there are domestic oil companies that are better. PIF.UN is an example of a domestic Canadian one that pays about 10% monthly dividends with no hassles, but if in the US you must never trade in other currencies. Preferred stock also provides a stable price and in this economy you can easily get 10% or more monthly div's. Investigate DDR.PR.G or other Real Estate Investment Trusts (REITs) if you like the real estate angel. Be careful if the yield is above 12% because it could be that the stock's price is falling, which inflates the yield %. I AM NOT A CERTIFIED INVESTOR. I AM A STUPID PROGRAMMER WHO FOUND THESE STOCKS IN IDLE TIME. DO YOUR OWN RESEARCH BEFORE BUYING!
A great resource is Stock Chase: http://www.stockchase.com/ It's like a Twitter but only from professional investors.
Both real estate and web acquisitions have little daily work but are very interruptive. You have leaks, storms, tenants causing problems and for the web, downtime events or security updates that often the need attention of an owner at 3 AM at night.
"I could imagine for example buying existing web sites that have proven ad revenue" I've gotten burned bad on small website acquisitions. There is full time work involved for many months in terms of at least ensuring the acquisition is worthwhile, and often without dedicating workers full time to deal with it, things go south. Owners claim they do little work to maintain it and this is generally false.