Yesterday I discovered a high dividend paying ETF, HNDL. I bought up a few shares so that it made up 3% of my portfolio. It sounds like it can be a tool to help me increase my total net worth. It does have a pretty high expense ratio, of 1.71% but I'm willing to live by that since it has held a pretty steady price and it pays out nearly 6% yearly.
I'm not too big into ETFs other than for bonds and VTI for overall, but this seems like it can be something good to have to generate some cash, and if it plays out right, could end up giving me enough to live off in the long term.
I chose not to dividend reinvest on this like I do with the other few ETFs I have because I'm still not too sure on it. I'd like to use the cash to put it elsewhere for now and if I feel more confident on it(things like a lower expense ratio would help) I will enable it in the future so I rack up more and more of it.
Other than that, I picked up a few shares of Micron today and will be looking more into computer parts manufacturers. I'm interested especially on data and disk manufacturers and will be looking into Seagate and others in the industry later this week. With how data is being stored in this world, and how much of it is being produced, finding the manufacturers of mass storage drives or even companies who do data management can lead to nice profits.