4 Ultra-Safe Passive Income Vehicles to Buy and Hold Forever

One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain point. Passive income can help you earn money while you are sleeping or enjoying your hobbies. Dividend stocks are one of the easiest and most popular ways to achieve this financial goal. These stocks pay you money or stock just for holding them. Moreover, dividend stocks also have the potential to increase in value over time. These four dividend stocks won't keep you awake at night...

BlackRock (BLK 0.78%) is the world's largest asset manager, with over $10 trillion in assets under management at the time of writing. Lockheed Martin (LMT 0.75%) is America's largest defense contractor, with a dominant position in aerospace, missiles, and space systems. Medtronic (MDT 2.53%) is the world's largest pure-play medical device company. The company's portfolio houses a variety of products for both chronic diseases and acute ailments. Walmart (WMT 3.13%) is the leading big-box retailer in the U.S. and the epitome of one-stop-shopping.

Source: Motley Fool

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