$10,000 Invested in SCHD a Decade Ago Would Be Worth This Much Today
The Schwab U.S. Dividend Equity ETF has been an elite performer in this category for a long time.
Overview
Ten years ago, $10,000 might not have seemed like enough money to produce meaningful passive income. By investing it in the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD), shareholders found that wouldn't be the case.
Over the past 10 years, a hypothetical $10,000 investment in this fund would have grown to $34,400, assuming dividends and capital gains were reinvested. That's a $24,400 gain without contributing a single additional dollar.
Details
That's impressive for an exchange-traded fund primarily known for producing dividends. More importantly, it illustrates why dividend investing doesn't necessarily require choosing between generating income and building wealth.
Source
Originally published at www.fool.com.