A dividend etf is being recommended for purchase, with some outlets specifying it is an s&p 500 etf or a vanguard etf. The investment is described as a "no-brainer" for passive income, with various price points mentioned, including less than $100, $200, $500, and $1,000. Some sources suggest there may be multiple high-yield dividend etfs worth considering, but details about the specific etf or etfs are not consistent across reports.