Could This Overlooked Dividend Growth ETF Help Make You a Millionaire?
Its modest yield doesn't turn heads, but that's not the point.
Overview
Stock price appreciation gets a lot of attention because it's straightforward. You buy a stock for $X, sell it for $Y, and the difference is how much you (ideally) made. However, dividends are a large part of many investors' total returns, and dividend exchange-traded funds (ETFs) can be productive pieces of any portfolio.
There are dozens of dividend ETFs to choose from, but one I like is the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG). You don't often think of dividend ETFs as millionaire-makers, but if VIG continues at its historical pace, it's a worthwhile option for long-term investors.
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Originally published at www.fool.com.
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