hi Jobapreet. what is your time horizon? do you need the income? before starting a position, best to lay the groundwork to see what your expectations are. now, there are exceptions to the rule. i myself prefer the income route because it's a real-time, instant gratification process with my financial brain. i "say" that i'll keep working for another 10+ years but i'm more coast fire at this point. all three are nice starter positions. i suggest taking chunks of your desired investment amount and "dip your toe" into the market to see how it will work. then allocate accordingly. consistency is vital. i make my deposits like clockwork every month and combine it with my dividend income to reinvest back into more shares. this starts the compound engine where the real good times happen. good luck! super exciting to see a new investor. thanks to Gary for a place to ask questions as i'm sure there are plenty of more knowledgeable folk around and willing to help.

@Jobanpreet Singh it's NEVER too late to start. the fact you are already investing bi-weekly and asking questions is powerful. you can't change the past but you are surely changing your future. HDIV total return has outperformed the market (S&P 500/TSX 60) so it can act like an XEQT only HDIV provides 10.41% yield. if you want income to use present day, that's a nice amount being paid into your account on a monthly basis. if not, you can simply reinvest the entire dividend back into the market on anything you want! be consistent to the point of being boring. that's my biggest piece of advice for a new investor. my investing day is as automatic as my cup of coffee.