This ETF Pays Dividends Every WEEK - But What's the Catch?

Ticker symbol TGIF and WKLY claim to pay dividends every week. But do Weekly Dividend ETFs come with extra baggage? Check out today's discussion on these weekly paying dividend ETFs to see if it's worth it for you or not.

STUFF I RECOMMEND!*
Investing Apps:

Credit Cards & Credit Score:

Cryptocurrency Trading:

Chapters of Today's Video on Weekly Dividend ETFs
00:00 Dividend Growth Investing
01:30 Sofi Weekly Dividend ETF (TGIF)
04:46 New Sofi ETF (WKLY)
05:48 How to Calculate Your Desired Dividends
07:06 How to Make your OWN Dividend Portfolio

Yours,
Bob

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions including for SoFI or any Weekly Dividend Paying stock. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[Wildboy]

The real cash generation comes from compounding tho... if you put in 50$ its not 2.08% a year because next week its 2.08% on 50.02, then next week its 2.08% on 50.04, and while it wouldent be so soon just for matter of argument at some point u start getting free pennys because u own more stock every week, so the week you expect to have 75.00, u own 1.5 shares and now get paid 3 pennys a week, 2.08% on 75.03 75.06 75.09... the compounding weekly is HUGE for bigger investments, 50k pays 20 bucks a week, 55k gets u a free 2$ weekly div hike, at somthing around 75k youll be hiking your weekly div by 1 penny every single week... also none of this takes into account stock growth or div growth, the math gets bananas, stock up 7% a year, plus div raised 25% a year, plus reinvest 2% a year compounding on itself weekly... albert einstein called compounding interest the 8th wonder of the world

[blacksquirrelhomestead]

I love the idea of a weekly payout idea! I'm not sure these funds are the v greatest for the reasons you stated. I bought $500 of wkly and tgif for fun.

[FromAmericaToJapan]

Teach me brother! I got them O and Stag in my Robinhood now

[RyanNelson]

I bought a couple of shares last month just because they're so new that they'll probably build equity as well.

[deanieweenie]

Newly subscribed! Love the channel, starting my dividend investment journey as well. I want that sweet passive income just working on which stocks to buy. Personally I don’t think I’ll be buying TGIF or WKLY, love the weekly dividend but too high an expense ratio for me.

[FACTSWITHANTHONYJAMES]

I was just looking into this. Great timing

[ashvinadapa]

love your content! thanks for educating us

[TheCookingDojo]

I have a share of WKLY. Overall, I don't think it's worth it. Between the fees and how much you need to invest to get paid weekly. I'd rather just beef up a monthly stock and get it to where I can get a monthly salary

[pfjsuyehf]

Thank you for the well done report, Bob!

[Greenmick]

Great video! I do have a question:

As an example of the dividend compounding for WKLY, wouldnt a DCA investment of $400 (to start) yield approximately $.17 per week (at $.02 per share)? Multiply that over 4 weeks of distributions and you get $.68 per month (as high or higher than a lot of other ETFs), correct? Compound those distributions annually and youre seeing a very decent return on your money as long as you DRIP (weekly).

I understand about tax implications and all that, but those are larger overall portfolio issues. Strictly speaking from a dividend distribution standpoint, does that jive or am I missing something completely as to why this is no more than a gimmicky fund?

Thanks! Keep up the great work!

[stevenbrader]

Don’t think the weekly dividend stock let you buy partial shares. No 💧 😪

[joseffigueroaguzman]

How about QYLD ? You can do video explain is worth or not.

[SoSo-nkfh]

I live under a rock. I just learned about WKLY and TGIF. I’m on the fence. 🤷🏻‍♂️

[jharris]

Living the sweet I think most investors are smart enough to see through this. Having watched your channel for some time now there way better dividend yields to be had. You can make that same 52000.00 a lot quicker by reinvesting a monthly or quarter dividend. Seems silly to pay such a high fee just get paid weekly.

[musicholic]

good, you see dividend from anually, quarterly, monthly, why not weekly or daily

[nadiyacoles]

Great videos Bob! Thank you. You opened my eyes how to invest wisely.

[TeeJay]

I’m new to the stock market an am so happy I found your videos, they have helped already. Not going to lie the weekly payouts sounds great but looking at the expense, I personally don’t think it’s worth it.

[derekhoyle]

I think there may be better weekly dividend opportunities in the future, but for now I say Bob was spot on when he said to manage your current portfolio for consistent dividend payouts! It’s a lot easier than one would think 🤔
Awesome video, love the shirt, thanks Bob!

[tlowensjr]

It is not cheap to send out those checks each week to different brokerages. Monthly paying ETFs will have a higher expense ratio than the quarterly funds. For it to be a weekly paying ETF along with it being actively managed, the high expense ratio is to be expected.

[vamike]

That cost to much for very low return! I like the idea of weekly but not at that expense