In this video, I’ll show you how to start a dividend ETF portfolio with only $1,000. You’ll see exactly how to open a brokerage account, deposit money to begin investing, pick your dividend-paying ETFs, and buy your dividend ETFs to officially begin investing in them.
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Dividend ETFs (exchange-traded funds) are a popular way for investors to earn regular income from their investments. These funds typically hold a diversified portfolio of dividend-paying stocks, providing investors with a convenient way to access a steady stream of income.
If you’re interested in starting a dividend ETF portfolio but don’t have a large amount of money to invest, don’t worry. You can still get started with as little as $1000. In this article, we’ll walk you through the process of starting a dividend ETF portfolio from start to finish.
Step 1: Set Your Investment Goals
Before you get started, it’s important to think about your investment goals. Are you looking to generate a regular stream of income? Or are you hoping to build wealth over the long term? Understanding your objectives will help you choose the right dividend ETFs for your portfolio.
Step 2: Research Dividend ETFs
Next, you’ll need to research dividend ETFs to find the ones that align with your investment goals. Look for funds that have a track record of consistently paying dividends and have a low expense ratio. Some popular dividend ETFs to consider include Vanguard Dividend Appreciation ETF (VIG), iShares Select Dividend ETF (DVY), and SPDR S&P Dividend ETF (SDY).
Step 3: Open a Brokerage Account
Now that you’ve identified the dividend ETFs you want to invest in, you’ll need to open a brokerage account. There are many online brokers that offer commission-free trading and low minimum investments, making it easy for small investors to get started.
Step 4: Make Your Investment
Once your brokerage account is set up, it’s time to make your investment. With $1000 to invest, you can purchase shares of one or multiple dividend ETFs to create a diversified portfolio. Be mindful of any trading fees that may apply and consider investing in fractional shares if needed to maximize your investment.
Step 5: Monitor and Rebalance Your Portfolio
After you’ve made your initial investment, it’s important to regularly monitor your dividend ETF portfolio. Keep an eye on the dividends you’re receiving and the performance of the ETFs in your portfolio. Rebalance your portfolio as needed to maintain your desired asset allocation.
Starting a dividend ETF portfolio with $1000 is a great way to begin building a passive income stream and growing your wealth over time. As you continue to invest and add to your portfolio, you’ll be able to take advantage of the power of compounding and potentially see your investments grow. Remember to do your research, stay disciplined, and seek the advice of a financial professional if needed. Happy investing!
For those of you asking, yes I am working on setting up a FREE Discord that anyone can join. More information on that coming soon! Follow me on IG if you have any questions https://www.instagram.com/realjoshuamayo/
By the way, Great Video
You need to find a way to get your videos to younger people. You don't look that old and it's hard for me to get the kids into this because I'm old, lol. The average 21 year old could start now and be well off way before collecting SS payments. I've noticed most videos don't add SS payments when deciding how much money they need to retire.
Hi Joshua
Thanks for the high quality videos, it is really useful.
Concerning the book recommendation, it seems that the same title is linked to several versions. Would you have the author name and publication date to help me reaching those books ? Thanks a lot and please go on !
Bless you for making content for those of us who don't know what we're doing yet
Can you also show how to get/withdraw money out of an ETF investment account?
What are the transaction fees?
Good.
VERY NICE VIDEO Joshua!! I LOVE HOW you broke it down each step!! I have a better understanding with the stocks!!! Thank you!
I took notes,thank you
YOu are awesome 🙂
Great video appreciate all the work and time you put into helping us. Do you have a follow up video on how to watch the progress of this investment and do you hold it or if you sell it can you explain those steps in a step by step? Thanks so much
I am looking to do this, but don't know who to go with. I don't have a broker.
I hope you're not hold schwab etf's anymore. Thanks for the information, You're awesome in explaining this all
Thank you God Bless many times over.
This is a quarterly dividend paying ETF. I may be wrong but I think you mentioned that this is a monthly paying ETF
question: was there a way to choose if you want the dividends automatically reinvested, or do they do that automatically?
Thank you for detailed explanation and great info !! I’m still learning and wanna start investing this year!
Your videos are great, but unfortunately webull and fidelity are only for us citizens and I'm from Europe… Which broker do recommend for European citizens???
well thank you for all the info I have been watching you for almost a half year and next week I'm ready to jump into this with 1000 all the comments are great info from others this is a great place and an EASY place to learn, again thank you. I will continue watching…
recommendations for broker if residing in the UAE
Is robinhood not a thing anymore?
Great stuff as always. Whilst BTC is the lead tracking 'major pair’ The big institutions getting in is the catalyst that’d launch it’s full potential. My disposition in the current market has taught me quite a lot. I’ve managed to grow a nest egg around 3.5 BTC to 14 BTC with the exceptional knowledge of Jason Clare. It’s sad to see a lot of us suffer poor analytical skills. My 2 cent is get you an advisor to keep you accountable and guide you in making better decisions to avoid liquidity.
So, I can lose money if share price decreases ? Or it is constant income which adds up money whenever company releases dividends?
Hi Josh, thanks a lot for this simple to follow video for a novice investor like me. I want to ask: in your opinion how many years should I hold on to a dividend ETF as I continue to reinvest in it? Can I have more than one brokerage account with one company e.g fidelity?
Thanks a lot
YOU AINT FOOLING ANYBODY WITH YOUR INVESTMENT ADVICE KANE BROWN
Hi,
Thanks for all info. I just have a questionl if we do compound dividend to reinvest. Are we be taxed by it? Cause we just use that money to reinvest. TIA
How do you cash out a stock?
One key thing is I would invest in ETFs as you mentioned but instead of doing a generic brokerage account I would suggest opening up a Roth IRA. IRAs are tax free however you are taxed with the initial investment. When you take out your earnings over the long haul you won't have to take any taxes out of. I would also invest a major portion in a stock called VTI which covers the entire S&P 500