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Passive investments mean you don’t need to worry about managing the capital. It works for you automatically.

You put money into an account or you purchase something with that money and it then accumulates interest and compounds, or what you’ve bought increases in value.

That’s what people want from investment. It can be pretty tough to get into if you don’t know what you’re doing.

The other problem comes with applying advice directly to yourself instead of taking your own personal situation into account first.

Here are some of the best investments which can turn into passive earners for you with the right research and dedication.

Stock Trading

Trading stocks and shares in real time is incredibly hard. You’re essentially playing against the broker. You need to have a feel for the charts and bars and know how a certain stock behaves before investing.

You also need to consider your broker, too. The best matchup between the two was Plus500 vs IQ Option.

The issue here is that passive income is hard to find while day trading. To gain passive income from stocks you need to trade long term. The best way to do this is by buying into a managed fund.

You can buy stocks in singles but it’s a little more risky. Over time they increase in value and you sell for a higher amount. Make sure you carry out proper research and always hedge your risk.

You can also consider high-frequency trading.

Bank Accounts and Bonds

Bank accounts are one of the older forms of investing. If you find a saving account with a good level of interest, then your money will earn interest and you don’t need to do anything at all.

However, good, high interest rates are hard to find these days and some require that you hold your money in the account for a long time.

It means you need to be sure that you won’t need the money.

Bonds are similar. You buy bonds from governments and corporations. Research them thoroughly and make sure they’re safe first.

Again, you can’t trade in until they mature or you’ll lose your gains. Another fairly safe passive income, albeit one in which you might need a significant chunk of cash to get started.

Read also: 5 Ideas for Your First Passive Income Stream as a Blogger

Set Up and Move On

This is where you put the work into something so that it’s up and running, meaning it’s earning you money in the background with you not having to do much else.

Setting up a sales account on Amazon is one option. You can also get a blog set up so that you’re making passive income. These usually require investment at the start in both cash and time but can run quite smooth when you’re up and running.

Real Estate

Can’t find much better passive income than being paid rent on a home. So long as the rent covers bills and mortgage you’ll be onto a winner.

The issue here is getting set up with a great investment opportunity. It might be you buy and let. Or you might want to do the home up and let at a better price.

There are tons of options here but again, one which requires careful planning and research to really launch you into the retail big leagues.