I'd Skip SCHD And Buy These Monthly Income ETFs Instead

"One popular income ETF is the Schwab U.S. Dividend Equity ETF (SCHD). SCHD tracks the Dow Jones U.S. Dividend 100 Index, which consists of high-quality U.S. businesses with at least 10 years of consistent dividend payments. It also focuses on companies that are likely to continue paying and increasing their dividends. Funds like SCHD commonly pay dividends on a quarterly basis. So if you're looking for a way to generate steady portfolio income without taking on too much risk, SCHD could be a good bet."

"The reason JEPI is such a strong option for income-seeking investors is that it also sells call options against its holdings to generate regular income. And because the fund invests in a broad range of established companies, you're not taking on the same risk you would by investing in sector-specific ETFs or funds that make their money on covered calls alone."

"Another thing that makes JEPI a solid investment is that it pays monthly. And if you reinvest that money, you could grow your portfolio in a serious way. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a great option for people who like the idea of regular portfolio income but want to limit their risk. SPHD focuses on dividend-paying stocks within the S&P 500 index. It also, like JEPI, pays investors on a monthly basis,"

Building an investment portfolio of income-generating ETFs provides a source of passive income. SCHD tracks the Dow Jones U.S. Dividend 100 Index and holds high-quality U.S. companies with at least ten years of consistent dividend payments. SCHD targets companies likely to continue and increase dividends and typically pays quarterly distributions. Investors with more aggressive income goals can prefer monthly-income ETFs. JEPI invests in large-cap S&P 500 companies and augments yield by selling call options on its holdings, producing regular monthly income that can be reinvested. SPHD focuses on dividend-paying S&P 500 stocks with lower volatility and also pays monthly.

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