If you're wishing you had a little more exposure to income investments right now and a little less exposure to growth, you're not alone. The market's recent shellacking hasn't exactly been uniform; growth stocks have really taken it on the chin. And their sell-off may not be over yet. The good news is, it's not too late to start shifting more of your portfolio into dividend-paying positions. You don't even have to do any stock picking to make this happen, either. This trio of exchange-traded funds (ETFs) can do the job in a snap. Here's a closer look at each.
If your goal is producing above-average dividend income right now, your first stop should arguably be the iShares High Dividend Equity Fund (HDV 1.48%). Just as the name implies, this iShares fund seeks to maximize your payout by choosing stocks with superior dividend yields. If you're more interested in long-term dividend growth than current income levels, consider the Vanguard Dividend Appreciation ETF (VIG 1.87%). Once again, the name says it all. Finally, add the SPDR S&P 500 High Dividend ETF (SPYD 1.43%) to your list of ETFs to consider if you're looking to add passive income potential to your portfolio. At first glance it seems comparable to the aforementioned iShares High Dividend Equity Fund. And there's some overlap, to be sure. But there's more difference between the two than it seems on the surface. The SPDR S&P 500 High Dividend ETF is arguably the more aggressive option.
Source: Motley Fool
Related Articles:
- Increasing Dividend Yield Part IV: Bonds
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