📈 Investing for income: dividends & passive income
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What is passive income and why is it popular among investors?
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Scott Phillips, welcome to the Australian Finance Podcast. Owen, thank you very much, mate. It's great to be with you. Yeah, it is indeed. This is our second run at this. We had some technical difficulties the first time. And here we are again, recording via Zoom. You're in Sydney, I'm in Melbourne. Today, we're talking about building an income-focused portfolio. This thing that we know is called passive income, super popular amongst investors.
So first of all, maybe I know you really well, but for those listeners who don't know you, maybe you can just tell us what you do. Before I know you're part of the Motley Fool, but what are you doing today?
Really good question. So I'm the chief investment officer, but that's a title. My day job is a combination of investing and I do a whole lot of lighting appearing on media podcasts like yours. You kind of invite me a whole lot of media, radio, TV podcasts. I write for our website and our email. And then I also run three of our investment services. I run Motley Fool Share Advisor, which is basically a stock picking service. Everlasting Income, which is, funnily enough, an income portfolio, which is a nice combination of what we're talking about today. And Motley Fool Platinum, which is our kind of capstone service and has everything that Motley Fool has to offer or below it. So a busy and very varied day.
That's what I'm doing most of the time.
Yeah, great. So you've got the two kind of wonderful aspects of our industry, which is the ability to educate people, but then the ability to actually get on the tools and do some research as well, which is great. So today, as I said, we're talking about income from the stock market primarily. And so why don't I just start with the easy one, which is why do some people focus on income? Why do they approach the stock market in particular trying to get that income? Yeah.
That's a really good question. What I like about it is you're not saying, why is it good? You're saying, why do people do it? And I think that's a really important distinction because it goes to the heart of, as you and I both know, the behavioral and psychological elements of investing. A lot of people, well, there's two main reasons. The first is obviously people just simply want to pay the bills. And so if you're at a position in your life, whether you've formally retired at retirement age or whether you're doing the fire and trying to retire early, the idea of taking everything you've worked for, you've saved, how you've invested well,
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