The article discusses how investors can build a sustainable passive income stream by selecting specific exchange-traded funds (ETFs) rather than picking numerous individual stocks. It highlights the Schwab U.S. Dividend Equity ETF (SCHD) as a prime option due to its robust portfolio and history of including dividend-paying growth stocks. Additionally, it mentions the attractiveness of Main stock in balancing a dividend strategy. The piece also emphasizes the importance of seeking financial advice via SmartAsset’s matching application to ensure informed investment decisions.
The Schwab U.S. Dividend Equity ETF (SCHD) offers an excellent mix of diversification and exposure to dividend growers, confirming its potential for generating passive income.
Investing in just a few carefully chosen ETFs like SCHD and DIVO can effectively build a strong passive income foundation without needing to pick individual stocks.
Main stock can further enhance a balanced dividend strategy, offering an attractive yield, which can significantly contribute to retirement planning.
Using resources like SmartAsset’s advisor matching tool simplifies the process of finding financial guidance, ensuring good investment practices and long-term financial stability.
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