1 No-Brainer Vanguard Dividend ETF to Buy Right Now for Less Than $200

Vanguard High Dividend Yield ETF (NYSEMKT: VYM) has a 2.7% dividend yield. That may not sound like a high yield, but it is more than twice the average of stocks in the S&P 500 (SNPINDEX: ^GSPC), which is yielding a little under 1.2%. That comparison is actually interesting in another way, and it highlights the value that Vanguard High Dividend Yield ETF provides -- even if you only have $200 to invest right now.The first thing that investors need to understand about any exchange-traded fund (ETF) they buy is the investment approach. These are pooled investment products, so you are really hiring someone else to handle the investing process for you. You have to make sure you know what they are doing.Vanguard High Dividend Yield ETF is an index-based ETF, which means it simply mimics an index. That index is the FTSE High Dividend Yield Index.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool