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For those feeling overwhelmed by picking individual stocks, Exchange Traded Funds (ETFs) or mutual funds that focus on dividend stocks can diversify risk and simplify the investment process.
Examples of Dividend ETFs:
Vanguard High Dividend Yield ETF
Schwab U.S. Dividend Equity ETF
Global X Super Dividend ETF
These funds aggregate various dividend-paying stocks, allowing investors to leverage a diversified portfolio without the hassle of monitoring numerous individual stocks.