The speaker highlights the Schwab U.S. Dividend Equity ETF (SCHD) as a long-term, stable investment suitable for building wealth and generating passive income. While acknowledging that SCHD has lagged the S&P 500 in short-term performance, the speaker emphasizes its resilience and consistent dividend growth over the long haul. The analysis contrasts SCHD with more volatile tech-heavy ETFs like QQQ, stressing the importance of a well-researched, fundamentally sound approach to investing rather than chasing hype or short-term gains. The speaker also touches upon the psychology of investing, particularly the impact of fear and FOMO, and advises a disciplined, long-term perspective focused on quality companies with strong balance sheets.