
These ETFs, these carefully constructed baskets of shares, promise diversification, a shield against the inevitable storms. They are, in essence, a collective denial of risk, a communal fantasy of stability. And, in fairness, they often deliver. Take, for instance, the Schwab U.S. Dividend Equity ETF (SCHD 0.48%). A respectable specimen, yielding a comfortable 3.8%, a trifle above the general market murmur of 1.1%. Its expense ratio, a mere 0.06%, is almost…modest. One wonders if they aren’t giving the money away. It invests in companies with a certain…sturdiness, a preference for those who reliably generate cash. A sensible, if unimaginative, approach. The problem, of course, is the quarterly distribution. A mere three times a year. For some, that will simply not suffice. They require a monthly drip, a constant reassurance that the machine is still functioning.