It’s a Banking Crisis: Avoid These Dividend ETFs
May 10, 2023 at 05:00 AM EDT
The Wall Street Journal Reports: Retirees Turn to Dividend ETFs for Income Financial advisers say investors shouldn’t just go for the fund with the highest dividend yield Gee, thanks. I have something to add, WSJ friends. IT’S A BANKING CRISIS. DON’T BUY DIVIDEND ETFs AT ALL! In a rising market, fine. I can hold my nose. Though, you know, even a popular ticker like Schwab US Dividend Equity ETF (SCHD) is a lazy option that’ll cost you. SCHD owns 104 dividend stocks and PepsiCo (PEP) is its top holding. PEP pays a piddly 2.6% but its yearly dividend growth is decent—not great but not AT&T (T) awful , either.… Read more
