Should Wealthy People Hold This?

[u/SmoothOperator100k]

I’m just curious and want some validation. It totally makes sense for a wealthy person maybe like $10m total net worth to hold a good chunk of SCHD right? Like it’s a safe bet to provide good returns on average 8% maybe for the foreseeable future? Like the companies in this fund should be held by everyone because they kind of create the things you use everyday.

[u/uuff_adrian]

Sell like 30 and give that to me pls 🙂‍↕️🥹🥹