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‘Can I Make $1,000/Month Safely With SCHD, MSTY Or VTI?’ – Experts Weigh In
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For many people, selling a house is a good way to open up new financial opportunities.
Rather than letting the money from the sale sit idle, some people start investing in the stock market to grow their wealth or create a reliable monthly income.
Popular funds like SCHD, VTI and MSTY have captured investors’ attention for various reasons. While SCHD is known for its reliability when it comes to dividends, VTI offers broad exposure to the whole market, and MSTY is noted for being high-risk, high-return.
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Many dream of earning a few thousand dollars each month from investments. Whether through growth-focused stocks, dividend-paying stocks or a mix of both, reaching this objective requires careful planning, some risk tolerance and a good strategy.
One Redditor is trying to figure this out: after selling his property, he was left with $150K. However, he plans to move into a free apartment at his dad’s home to keep costs low, which will allow him to invest all that money in stocks.
His goal? To make around $1,000 per month while keeping his principal safe.
“How should I invest this capital in order to make, say, $1,000 a month? Is that even possible? I could basically live off that,” he wrote.
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Since he’s done his research, he’s considering investing in SCHD, MSTY, VTI and perhaps other funds, but he doesn’t know how to allocate his money to achieve his goal of earning $1,000 per month.
“I’ve been reading all about SCHD, MSTY, VTI and all the others. Looks like MSTY provides crazy returns,” the Redditor said.
Reddit members of the r/dividends community have shared their opinions and advice, so let’s dive into the comments to pick the most relevant and common suggestions.
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Be Cautious About Risky High-Yield Funds
Several Reddit members in the comment section warned the investor about funds like MSTY, which guarantee high returns but come with great risks.
If you’re looking to make $1,000 a month through investing, you may be considering popular options like SCHD, MSTY, or VTI. But is it possible to do so safely? We asked financial experts to weigh in on the potential risks and rewards of investing in these funds.
SCHD (Schwab U.S. Dividend Equity ETF) is a popular choice for income-seeking investors, as it focuses on high-quality dividend-paying companies. While SCHD has a solid track record of delivering consistent returns, it’s important to remember that no investment is completely risk-free. Market fluctuations and economic uncertainties can impact the performance of SCHD, so it’s crucial to diversify your portfolio and do thorough research before investing.
MSTY (Misty Robotics) is a more niche option, as it focuses on robotics and artificial intelligence companies. While these industries have the potential for explosive growth, they also come with higher risks. Investing in MSTY could lead to significant gains, but it could also result in substantial losses. It’s important to carefully consider your risk tolerance and investment goals before adding MSTY to your portfolio.
VTI (Vanguard Total Stock Market ETF) is a broad-based fund that offers exposure to the entire U.S. stock market. VTI is known for its low fees and diversification benefits, making it a popular choice for long-term investors. While VTI may not offer the same potential for high returns as more focused funds like SCHD or MSTY, it provides a solid foundation for a well-rounded portfolio.
In conclusion, while it is possible to make $1,000 a month through investing in SCHD, MSTY, or VTI, it’s crucial to do your due diligence and consult with a financial advisor before making any investment decisions. Diversification, risk management, and a long-term perspective are key factors to consider when aiming for consistent returns. Remember, investing always comes with some level of risk, so be sure to weigh the potential rewards against the potential downsides before diving in.
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