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How many NAB shares do I need to buy for $10,000 of passive income?
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How many NAB shares do I need to buy for $10,000 of passive income?
Owning National Australia Bank Ltd (ASX: NAB) shares could be attractive for investors wanting passive income because of its sizeable dividend yield and the stability it can provide. There are a couple of benefits to considering NAB over Commonwealth Bank of Australia (ASX: CBA). Firstly, it has a lower price/earnings (P/E) ratio leading to a higher dividend yield. Additionally, NAB isn't as reliant on home loans as CBA â it generates a much b…
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