I recently saw a quote come across in social media that went something like "If your only source of income is a paycheck, you are one step away from being broke." Certainly, the pandemic and recession last year, causing so many people to join the ranks of the unemployed and now dependent on government payments (unemployment benefits, stimulus checks), was and still is a stark reminder of this. I have written about the benefits of passive income for a while and one component of passive income is having a portfolio of dividend paying stocks. For today's post, I set out to answer the question: "If you wanted to keep things simple and get reliable dividend income, what is the one thing (presumably an ETF) that you would invest in for the long haul?" While doing the research, I came up with a few good ideas that I will share below.
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The Dividend Dilemma
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I recently saw a quote come across in social media that went something like "If your only source of income is a paycheck, you are one step away from being broke." Certainly, the pandemic and recession last year, causing so many people to join the ranks of the unemployed and now dependent on government payments (unemployment benefits, stimulus checks), was and still is a stark reminder of this. I have written about the benefits of passive income for a while and one component of passive income is having a portfolio of dividend paying stocks. For today's post, I set out to answer the question: "If you wanted to keep things simple and get reliable dividend income, what is the one thing (presumably an ETF) that you would invest in for the long haul?" While doing the research, I came up with a few good ideas that I will share below.