An eclectic mix of stocks that allows for monthly income, solid dividend yield, and capital appreciation.

This combination of four stocks will work together to cover multiple bases for passive income investors seeking to generate a couple of thousand dollars per year on a $40,000 investment.

Offering an average yield of 5.8%, the four stocks combine a monthly income payer, the JP Morgan Nasdaq Equity Premium Income ETF ( JEPQ -2.26% ) , one integrated energy major on an excellent risk/reward valuation, Chevron ( CVX -1.68% ) , and for investors who like dividend stocks with some upside potential there's Watsco ( WSO -3.58% ) , and Whirlpool ( WHR -3.99% ) . The monthly income is helpful because you can use it to top up a holding in one of the four stocks o

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