Er.. no it isn't. How much money you make from a parked domain depends on a HUGE range of factors. Relying on type in traffic nowadays is like relying on 'doorway pages' for SEO. In fact, I don't even know why I'm having to point this out, because the myth of type in traffic was debunked YEARS ago, using Sedo's own published figures. Try Googling it. such as here:- type in traffic a cosy myth for newbies only, like Santa
If you have some domains not in use, then parked domain is an option. Otherwise, do not buy a domain just for the sake of earning from parked domain. Getting traffic requires work and knowledge. Nothing is free.
If you can find good domain names or want to protect your brand/site-brand then yes, it might be a good idea. But you can end up wasting a lot of time and money if you don't know what you're doing...