Here’s how I’d aim for £190 in weekly income from a Stocks and Shares ISA

A Stocks and Shares ISA can be a handy way to tuck investments away for the long term, hoping for the sort of price gains once seen at Tesla or NVIDIA. But an ISA can also be an income machine, thanks to the potential for dividends. If I wanted to target a weekly passive income of £190 on average, thanks to dividends, here is how I would go about it. £190 a week is equivalent to £9,880 a year. Imagine I had a £20k Stocks and Shares ISA. To invest it today and start earning £9,880 annually from next year onwards, I would have to earn a dividend yield of close to 50%. Realistically, that simply is not going to happen. Even earning a 10th of that amount would mean I was yielding more than the FTSE 100 average. Would I give up the plan? No. I would simply plan to compound. Compounding means reinvesting the dividends rather than drawing them out as cash. I could do that until I had enough in my ISA to generate my target annual passive income, then start receiving that income instead of continuing to compound. As an example, if I invested a £20k...

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