VIG - 3 Strategies to Get $10000 in Annual Dividend Income
In an era when inflation is making it harder to make ends meet, many people are looking to tap dividends from their investments as a way to help cover their costs. That adds a different type of risk, as dividends are never guaranteed payments. Still, everyone has to balance the risks with potential rewards when it comes to their money.
With that in mind, three experienced investors share how they would consider building a portfolio to generate $10,000 of annual dividend income. One chose to be a yield monster by seeking out bargain-priced high yielders like Digital Realty Trust (NYSE: DLR) . Another chose fast-food titan McDonald's (NYSE: MCD) . The third suggested buying a basket of companies with decent histories of rising dividends through the Vanguard Dividend Appreciation Index Fund (NYSEMKT: VIG) . Read on to discover why and decide for yourself if any of them deserve a spot in your portfolio.
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3 Strategies to Get $10,000 in Annual Dividend Income