Why I Can't Stop Buying This 4%-Yielding Dividend ETF for Passive Income
I love to collect passive income. I don't have to work for it, and it provides me with additional money to invest. Eventually, this strategy will allow me to retire and live off my passive income. I invest in a variety of income-generating investments. One that I can't stop buying these days is the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). This exchange-traded fund (ETF) currently has a 4% dividend yield, which is about triple the S&P 500's dividend yield of around 1.3%. That enables me to generate more passive income from every dollar I invest. The fund also has an excellent record of increasing its payments. Because of that, it should provide me with lots of passive income in the future, which is why I just can't stop adding to my position. Image source: Getty Images.Continue reading
I love to collect passive income. I don't have to work for it, and it provides me with additional money to invest. Eventually, this strategy will allow me to retire and live off my passive income.
I invest in a variety of income-generating investments. One that I can't stop buying these days is the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). This exchange-traded fund (ETF) currently has a 4% dividend yield, which is about triple the S&P 500's dividend yield of around 1.3%. That enables me to generate more passive income from every dollar I invest. The fund also has an excellent record of increasing its payments. Because of that, it should provide me with lots of passive income in the future, which is why I just can't stop adding to my position.
Image source: Getty Images.
