"Indeed, I'm of the view that passive investing is for everyone, in part due to the fact that so many ETFs exist with strategies that correspond well to individual investor preferences, to an incredible degree. For investors who are looking to generate more in the way of passive income, either for retirement or another key life event, the good news is there are plenty of ETF options out there to choose from."
"My first pick should come as no surprise to long-time readers, considering this is one of my core holdings and an ETF I think creates some of the best long-term passive income upside in the market right now. The Schwab U.S. Dividend Equity ETF (SCHD) is one of the best options in the market for those considering long-term passive income generation. I say that because this ETF's holdings only include companies that have been paying dividends for at least a decade or longer."
Exchange-traded funds (ETFs) suit investors of all sizes and risk tolerances, with many strategies aligned to individual preferences. Numerous ETFs focus on income generation, offering options for retirement or other life events, though thousands of choices make selection difficult. Three large, high-quality ETFs are recommended as core holdings to build long-term passive income streams. Schwab U.S. Dividend Equity ETF (SCHD) targets companies that have paid dividends for at least a decade and applies quality screens including return on equity, debt metrics, and dividend growth. Dividend consistency and long-term dividend appreciation are prioritized alongside initial yield for buy-and-hold investors.
Read at 24/7 Wall St.
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