Here's How Much You'd Need to Invest in SCHD to Generate $500 Per Month in Dividends
SCHD also has one of the best track records of growing over time too.
Overview
How much money would you need to invest today to generate $500 a month in dividend income?
Choosing a high-yield fund will get you there faster, but those could be vulnerable to higher volatility and the risk that those yields aren't sustainable. You could go with a more defensive dividend growth ETF, but those tend to have lower yields.
Details
Your best bet is to try to find the happy medium -- something that combines dividend growth with above-average yield and a focus on balance sheet health to make it all sustainable.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.