Quality Dividend Funds and ETFs for September 2024
Nothing can supercharge your Portfolio like Dividend Stocks. DGI Stocks are one of my favorite investments. But for consistent returns, it is hard to beat ETFs that specialize in Dividend Stocks. I have written several articles on ETFs (Electronic Trading Funds) and we recently talked about my favorite high paying Dividend ETFs that use Covered Calls to enhance the returns. Writing covered calls is a strategy used by many Hedge Fund Managers and huge Investors like Warren Buffett.
David Parham
9/7/20243 min read
DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are of my own and are not to be used as professional advice. These are my findings and can hopefully help you to make informed decisions on investing. Consult a Broker or Lawyer before making any investment.
Some Quality Dividend ETFs & Mutual Funds for September 2024
Nothing can supercharge your Portfolio like Dividend Stocks. DGI Stocks are one of my favorite investments. But for consistent returns, it is hard to beat ETFs that specialize in Dividend Stocks. I have written several articles on ETFs (Electronic Trading Funds) and we recently talked about my favorite high paying Dividend ETFs that use Covered Calls to enhance the returns. Writing covered calls is a strategy used by many Hedge Fund Managers and huge Investors like Warren Buffett. It enhances the returns as many of the options written are never exercised so it is just more money in the portfolio.
If I could only keep 4 ETFs, I would certainly consider QYLD, XYLD, JEPI,and JEPQ. These are some of my most consistent performing ETFs. Read about Dividend ETFs using Covered Calls.
This week Morningstar Investments had an article on what they considered the top 21 Dividend ETFs that were either rated GOLD or SILVER by Morningstar. I am not sure what criteria they use to determine if an ETF should be in this upper echelon on Investments, but they probably consider how long the fund has been in existence and its returns regarding all Dividend ETFs. I noticed that my two favorite Dividend ETFs of QYLD and XYLD are not on their list.
If you are like me, you want to buy as many quality ETFs as you can to give consistent returns in your portfolio. I have many of these already on their list but I do intend to research them all and decide which ones I will add to my Roth IRA or my wife’s IRA. I have recently started managing two of my grandchildren’s Roth IRAs, and I will consider these for them also.
This article was written by Susan Dziubinski. She does a great job of research on her articles, and this week lists 21 of the best ETFs or Mutual Funds. You can read about them all in the article link below. One of the things so great about ETFs is you can buy them for low costs. At Fidelity Investments, you can even buy them by the dollar rather than by shares.
Be aware that unlike Fidelity Mutual Funds, some of these on this list may require a large initial investment. The advantage of Mutual Funds is that they are normally actively managed. Some ETFs are actively managed, but some are just based on a sector like the Total Stock Market Index. (VTI and ITOT). These types do great when the market is on an upswing as it has been the past few months.
Morningstar Article on GOLD/SILVER rated Dividend Mutual Funds and Dividend ETFs.
The top 16 listed are:
BlackRock Equity Dividend MADVX
Capital Group Dividend Value ETF CGDV
ClearBridge Dividend Strategy LCBOX
Columbia Dividend Income CDIRX
Fidelity High Dividend ETF FDVV
FlexShares Quality Dividend ETF QDF
Franklin U.S. Low Volatility High Dividend ETF LVHD
Invesco Diversified Dividend LCEYX
Invesco Dividend Income FSIUX
Schwab U.S. Dividend Equity ETF SCHD
SPDR S&P Dividend ETF SDY
T. Rowe Price Dividend Growth PRDGX
T. Rowe Price Dividend Growth ETF TDVG
Vanguard Dividend Appreciation ETF VIG
Vanguard Dividend Appreciation Index VDADX
Vanguard Dividend Growth VDIGX
We have about 1/3 of these already in our Roth IRAs, but will review them all and see if these others are worthy of being included. You can just click on each one of those above to read about them on Morningstar.
Always keep studying and reading about investments. The greater you expand your understanding of investing the more consistent your returns will be. Always get a great mix of ETFs and Mutual Funds in the various industry types. BLUE CHIP mutual funds and Large Growth Funds are especially important. Some sector funds are doing well in health care this year. Global, Small, and Mid Cap Mutual Funds should always be included in the mix.
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