U have read about 78billion of passive income and would like to receive your share but are concerned u might buy the wrong share at the wrong time. One option could be, to own a tiny slice of all the FTSE dividend paying shares.

The top 10 holdings

As it’s an ETF it will trade around its NAV and the yield is more variable than an Investment Trust as there are no reserves. Xd this month so u will not have to wait long for your first dividend payment.

Variable yield currently 5%. Another option would be AIE current yield 7.3% sometimes trades on a wide spread so caution required when trading.