Published on 2 Jun 2024 on Motley Fool via Yahoo Finance
If you are an investor looking to generate passive income from your portfolio so you can use it to live, you'll want to be very careful with what you buy in the exchange-traded fund (ETF) world. For example, Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) has the word "dividend" right in its name, but it won't be a great fit for most dividend-focused investors.
Let's look at the fund, who it is right for, and who it would let down. Plus, I'll discuss a higher-yielding alternative that might be a better fit.
What does Vanguard Dividend Appreciation ETF do?