Indexing simplified

Since I moved from active trading to indexing and dividend investing, I tried to simplify the indexing first. 

This is what I came up with so far. 

Indexing should run an autopilot. I researched in the beginning. After that I just follow the chosen strategy. It should be minimal time investment in the long run.  

Research in the beginning included ETF performance and costs comparison. 

1. I decided to mirror the most popular ETFs which mostly reflect the most popular ETFs: SPY, QQQ and RUT. 

2. I picked equivalent ETFs with lesser expense ratios. The equivalents I use are: SCHB for SPY, VGT for QQQ and VTWO for RUT. 

In the image below the red line is VGT, the yellow line is VTWO and the pink line is SCHB which follows the large CAP ETF SCHX (candlestick line) very close with almost no difference.  

 

The yearly dividends as of 6/22/2021 for those are:

SCHB: 1.43%
VGT: 0.70%
VTWO: 1.66% 

3. I decided to go equally with those three: SCHB, VGT and VTWO.

Below is the comparison table for the expense ratios: 

I am putting a certain sum every week equally into those three ETFs. This is not the same for the dividend stocks and I will describe it in another post.  

The weekly investing will have two functions:
1. It will follow the market closer than monthly. 
2. By checking in with the markets weekly I can see the time for the dividend stock investment time points weekly which is better than monthly.