I Just Inherited $500,000 - How Can I Build a Self-Directed Dividend Portfolio?

"There is perhaps no better way to put a $500,000 windfall to work than to stash it in a self-directed investment portfolio."

"For a dividend investor, starting with a higher-yield ETF like the SCHD and SPYD is a great way to start."

"Though covered call ETFs can provide safer, beefier yields, it's their 'total returns' that income investors should keep track of."

"At the end of the day, a young person needs not only a decent dividend yield but a good amount of growth to pick up the pace."

Investing a $500,000 windfall can significantly increase one's wealth if approached wisely. Emphasizing dividend-focused strategies, the article suggests starting with diversified ETFs like SCHD and SPYD. Caution is advised against chasing excessive yields without a solid investment foundation. In addition to dividends, capital appreciation is crucial for younger investors; a balanced approach prioritizing both growth and income is essential for a successful and comfortable retirement. The article also highlights the importance of total returns in investment decisions.

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