1 Simple Vanguard ETF Can Turn $500 Per Month Into $50,000 in Annual Dividend Income

Building a portfolio of great stocks that can pay out enough in dividends to cover most of your major expenses in retirement is a big goal for many investors. Experts and amateurs alike spend a lot of time and effort searching for great dividend stocks that not only pay a reasonably high yield today, but will also grow their payouts over time. Finding those stocks means you'll likely receive an annual pay raise every year as long as you remain diversified. You might not ever have to sell a single stock to fund your retirement if you can find the right portfolio of dividend payers.The great news for investors is that building a portfolio of dividend stocks that can pay out tens of thousands of dollars each year doesn't have to be complicated. Consistently investing in an exchange-traded fund (ETF) every month and reinvesting the dividends during your career can result in a massive portfolio paying a substantial sum in annual income over time.One simple Vanguard ETF, the Vanguard High Dividend Yield ETF (NYSEMKT: VYM), has the potential to turn a consistent investment of $500 per month into a $50,000 annual dividend machine.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool