VIG - DGRO Vs. VIG: Better Passive Dividend Income Snowball
2024-03-14 08:15:00 ET
Summary
- Warren Buffett said that building a passive income snowball is key to achieving long-term financial independence.
- Dividend growth ETFs can be particularly powerful instruments to build a passive income snowball for passive buy-and-hold retail investors.
- We compare two leading dividend growth ETFs side-by-side and offer our take on which is the better passive income snowball vehicle.
Warren Buffett once emphasized that the path to long-term financial independence lies in building a passive income snowball. This is because a passive income snowball throws off a gradually increasing amount of income (such as dividends) from investments that require minimal active involvement. Ultimately, this results in exponential growth to the passive income stream, which - over time - will fully cover living expenses and lead to financial freedom....
DGRO Vs. VIG: Better Passive Dividend Income Snowball