[pdog]

The Vanguard High Dividend Yield ETF (VYM) has a 3% dividend yield and a minuscule 0.08% expense ratio.

If you buy 500 shares of VYM, you can expect a passive income of $100 per month.

[mathgeek]

For the lazy, this would require an ongoing investment of just over $40,000 currently.

[mtmail]

Just adding the math: Current price around $80 per share, so 500 shares = $40k ($40k*0.03 = $1200)