If you're looking for low-medium risk, then some possibilities could be blue chip stocks, ETFs, REITs and annuities. From the description, dividend income seems to be what you're looking for. This is usually done by having multiple high dividend yield stocks or REITs, the downside is that you a large capital. Assuming dividend yield of 6% annually, wanting to get $5,000 annually requires you to have invested $83,333 minimally. Not forgeting that your investment should be diversified, meaning it's not advisable to have 100% in stock market. This path shouldn't be what you're looking for if you do not have a lot of capital. The type of asset class you should go for depends a lot on your age (investment horizon). Assuming you're in your 20s, you can afford to be a bit more risky for higher chances of capital gain.