Since I am transferring all my assets over to Fidelity, I figured it would be a great time to learn how to purchase stocks through their new platform. (Well, new to me anyway!) I have been using Fidelity for a long time. My 401k is there, my Roth is there, my credit card is through them, and now my individual brokerage account will be there to. So it's not like I am completely new to the platform, but for the purposes of buying single holdings, I've never used it.

I knew all my current assets we're going to be coming within the next week or so, so I didn't think about buying of those holdings on Fidelity. Instead, I decided to choose a new holding that I'd been looking at for a while. This time I decided to look into an ETF. This is a bit different than my normal investing strategy because I normally pick individual holding, where as an ETF/index fund defeats the need for this. I chose $SPHD for this first purchase. It has a great dividend and the underlying companies are some of the ones I already invest in! Don't worry, I don't mind the overlap. Once my assets transfer over I may end up consolidating which holdings are redundant.

With $SPHD we are looking at a nice 16¢ dividend for each share that I hold. That's a little small compared to some of my holdings, but this is paid out monthly. So I will be getting 12 dividend payments each year from $SPHD. Fidelity offers a DRIP program. This allows the dividends to be reinvesting right back into the same holding. This is different from M1 because M1 makes sure the dividends go to the most underweight holding in your portfolio unless directed otherwise. The DRIP feature alone should have been a reason to make me switch to Fidelity a long time ago, but we learn from these things!

I have snagged some screencaps to show some of the main features that are important to me when looking at $SPHD. If you follow my posts you'll know that I do not go that in-depth with researching my holdings. Maybe shame on me, but it saves me a lot of time and effort for minimal reward. But if I WERE to look into some statistics, these are the ones that I would find most interesting.

(These images should be expandable in case it is hard to read) 

So there you have it. $SPHD is part of the Dividend Digest portfolio now. We are a whopping 8.954 shares so far. It's not the most sexy holding and it isn't going to make me rich, but it follows me strategy and will be a nice steady place to keep DRIPing. Look for me to add to this and pick more ETFs in the future!