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Welcoming Two New ETFs!
Published about 2 months ago • 3 min read
Here's your weekly helping of interesting investing information and insights.
Opinion
Quick update on why I brought IDVO and DGRO into the Roth this week and sold 25% of SCHY to make room.
SCHY is still my core international holding—great fund, 0.08% expense ratio, 131 quality holdings. But IDVO does covered calls on international stocks, pays out around 5% instead of 3.5% and has much faster dividend growth. The 0.66% expense ratio is a bit high, but in a Roth all the tax issues that come with covered calls disappear. So I'm getting the higher monthly income without the tax hit. Figured I'd pair them—SCHY for the low-cost stability, IDVO for extra cash flow.
SCHY on SimplySafeDividends.com
IDVO on SimplySafeDividends.com
DGRO is just to complement SCHD. SCHD gives me high yield and quality now. DGRO focuses on dividend growth over time—lower yield today but those dividends should keep climbing for decades. It's also got 400 holdings with some tech exposure SCHD doesn't have. I want both working together—income today with SCHD, growing income tomorrow with DGRO.
DGRO on SimplySafeDividends.com
That's it. Just wanted more income and growth potential while keeping my international exposure solid.
What I'm Reading
This Vanguard article says US stocks have crushed international for 10 years but you still shouldn't ditch international diversification. It's worth reading if you're wondering whether you even need international stocks or ETFs in your portfolio. The best part is they make this point: if you only bought what did best recently, you'd end up with literally just Nvidia stock, which is obviously dumb. Same logic applies to thinking Apple and J&J give you enough international exposure - they don't.
Quote I'm Thinking About
"To be ignorant of what occurred before is to remain always a child." -Cicero
The Simple Path to Wealth author JL Collins was on DOAC and this is the PERFECT interview to send to anyone you know that needs a financial kick in the pants!
I know, I know... TWO doac's?! Yep. I think Tony Robbins is a positivity cult leader, but he's just great and super motivating to listen to! And, my favorite takeaway from this interview was that we should always think like owners over consumers. If you regularly use a product, why not own the company?
I was only familiar with Rick Rubin in name only, but after listening to this Founders episode... wow. Have a listen and I guarantee you'll find something useful!
Fairfax Financial Holdings (FRFHF) is now on the radar after this solid episode covering why it's leader Prem Watsa is called the Canadian Warren Buffett.
Disclaimer: This is not investment advice. Do your own research before making any investment decisions.
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Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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