It pains me when I see regular folks take the flawed “advice” to simply plow their money into an index fund and call it a day. The biggest problem with this “strategy” is there’s basically no income: the SPDR S&P 500 ETF (SPY) yields just 1.2% today, so you’d need a million-dollar portfolio just to generate a pathetic $12,000 a year in dividends! Poverty-level income on a million bucks! That’s unacceptable. And it’s precisely why I’m going to share a much better option with you—yielding an mammoth 7.8%—in a moment. I was thinking about the “lazy” ETF strategy recently when I was reading a blog post by fintech startup Acorns, which suggested going with an ETF like the Vanguard Total Stock Market ETF (VTI) , which invests in a whopping 3,935 US companies of all sizes, and combining it with the Vanguard Total International Stock Index (VGTSX) for international exposure.… Read more