An investor on Reddit used this dividend strategy to build a portfolio of $2.26M — here's what they did

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One Redditor who shared their journey to a $2 million portfolio claims the secret is simple: dividends.What were their core dividend choices, and what alternative strategies can investors use to diversify and protect against market volatility?Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPThe Reddit user from the r/Dividends community detailed how they reinvested dividend income consistently into two ETFs: SCHD (Schwab U.S. Dividend Equity ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF). They took what appears to be a disciplined, long-term approach that has already helped them build a substantial $2 million portfolio.Their strategy underscores the importance of consistency, but there are risks to their approach. While so far effective, it’s highly vulnerable to stock market swings.Here are some key takeaways from the Reddit poster’s strategy — plus some alternatives to stock market to consider for your own portfolio.Although the investments in their portfolio are each made up of hundreds of other investments, this doesn’t guarantee diversification in the grand scheme of things.SCHD: Known for its mix of high-quality, high-yield U.S. stocks, SCHD has a solid track record of dividend growth, offering income and potential for capital appreciation.DIVO: This ETF focuses on income generation through dividend-paying stocks, combined with a covered call strategy, making it a reliable option for higher yields without excessive risk.For those drawn to a dividend-focused strategy, platforms like Public make it easy to invest in dividend stocks and ETFs.Public not only offers commission-free trading but also provides a high-yield account where you can park your cash between investments. Public also has social features, enabling users to follow and learn from other investors, share ideas, and [stay updated on market trends with real-time insights] — kind of like its own internal Reddit community.And while community forums and friends are great sources for new ideas and launch pads, you shouldn’t take investing advice from just anyone.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,733.85 -19.87 (-0.29%)Dow 3046,431.92 -169.86 (-0.36%)Nasdaq22,987.88 -55.50 (-0.24%)Russell 20002,476.45 -7.54 (-0.30%)VIX16.68 +0.38 (+2.33%)Gold4,029.10 -41.40 (-1.02%)PortfolioSign in to access your portfolioSign inTop gainersSEDG SolarEdge Technologies, Inc. 41.74 +6.08 (+17.05%)AKRO Akero Therapeutics, Inc. 54.18 +7.68 (+16.53%)USAR USA Rare Earth, Inc. 31.43 +4.41 (+16.32%)PATH UiPath Inc. 17.88 +2.30 (+14.76%)BMA Banco Macro S.A. 49.26 +5.38 (+12.26%)Top losersRACE Ferrari N.V. 408.76 -70.45 (-14.70%)DGNX Diginex Limited 25.79 -5.20 (-16.78%)ODD Oddity Tech Ltd. 52.77 -5.41 (-9.30%)GRBK Green Brick Partners, Inc. 64.10 -4.78 (-6.94%)SBET SharpLink Gaming, Inc. 16.37 -1.20 (-6.83%)Most activeTLRY Tilray Brands, Inc. 2.1412 +0.4212 (+24.49%)NVDA NVIDIA Corporation 193.82 +4.71 (+2.49%)PLUG Plug Power Inc. 3.6800 +0.0250 (+0.68%)RGTI Rigetti Computing, Inc. 45.51 +2.28 (+5.27%)BITF Bitfarms Ltd. 4.0250 +0.0250 (+0.63%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 193.87 +4.76 (+2.51%)TLRY Tilray Brands, Inc. 2.1401 +0.4201 (+24.42%)RACE Ferrari N.V. 408.44 -70.77 (-14.77%)PATH UiPath Inc. 17.87 +2.29 (+14.71%)DAL Delta Air Lines, Inc. 59.42 +2.30 (+4.03%)Top economic events