If I Were Starting My Portfolio From Scratch Today, This Is the First ETF I'd Buy

I've been investing for more than two decades. I've made a lot of mistakes along the way. Some of my biggest miscues have been chasing high-yield or high-growth stocks. One thing I've learned over the years is that the best investment strategy is to strike a balance between growth and yield.

Given those learnings, if I were starting my portfolio over from scratch today, the first thing I'd buy to anchor it would be the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). Here's why it's such a great foundational fund.

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