Want a Lifetime of Passive Income: Buy FDVV, SCHD and JEPI and Hold For Decades

"If you have enough time, you can build a well-balanced portfolio of assets that will continue to generate passive income through dividends. The current market is inclined towards exchange-traded funds (ETFs) that carry a strong yield and have a diversified portfolio. They are easy to trade like stocks and have a low cost. While you can generate a significant amount of income through dividends from dividend-paying stocks, ETFs carry lower risk, and some pay monthly dividends."

"The Fidelity High Dividend ETF (NYSEARCA:FDVV) was launched in 2016 and offers a broad exposure to the All Cap Value category. It is a smart beta ETF managed by the professional experts at Fidelity and has $6.9 billion in assets under management. The ETF aims to match the performance of the Fidelity Core Dividend Index. It invests in large-and mid-cap high-dividend-paying companies that are expected to grow their dividends. The fund invests in 121 stocks including some of the top dividend companies."

Exchange-traded funds with strong yields and diversified holdings can simplify building long-term passive dividend income. Some ETFs pay monthly dividends and some carry yields above 5%–6%, which can outperform the S&P 500’s roughly 1.2% yield. The Fidelity High Dividend ETF (FDVV) launched in 2016 and holds $6.9 billion, tracking the Fidelity Core Dividend Index across 121 large- and mid-cap dividend growers. FDVV yields 2.98% with a 0.16% expense ratio, offers multi-sector exposure (technology 25.32%, financials 19.21%, consumer defensive 12.59%), and concentrates 32.69% of assets in its top 10 holdings.

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