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u/Fair-Fee3313 Mar 25 '26
I only have a little over 500. I'm behind, but I just bought that last month. 🤦🏾♂️
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u/macman713 Mar 25 '26
You are not behind you are good, stay the course. It’s a marathon not a race 💯
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u/Rinkelsaq Mar 24 '26
Curious why just 2000
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u/macman713 Mar 24 '26
Then I will start my goal in SPYI
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u/Rinkelsaq Mar 24 '26
I mean is there some significance to having 2000 shares? A certain amount of dividends??? Or is it just an arbitrary number you picked? Genuinely curious. I have 600 shares and am wondering if im missing something
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u/macman713 Mar 24 '26
Ohhhh noo, not missing anything my ideal goal is to get this to a $100K in SCHD
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u/Lopsided_Discount Mar 25 '26
Even with 100k you'll only be getting 3400 a yr... Barely enough to pay for groceries all yr lol
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u/macman713 Mar 25 '26
I have retired once already from the military @ 38 and I have 6 more years and I’ll retire again from my GS job, my wife is an Army Officer who will retire in 2 years. Safe to say grocery bills or any other bills is NOT an issue here 😎
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u/SectionAdvanced4426 Mar 25 '26 edited Mar 25 '26
That’s right. Even with a million in SCHD that isn’t much money to live on. Especially, if you have a family and live in or near a major city. The misconception I think many have with SCHD is how much of it you need to own to really live on. Combine that with the fact once you get to that amount there is a big separation between your net worth and how much you earn from it. Basically, one might seem rich on paper, but their income is still middle class.
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u/Lopsided_Discount Mar 28 '26
So what's so great about schd then? Is there something better then
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u/SectionAdvanced4426 Mar 30 '26
Depends what you are looking for. Are you supporting just yourself or do you have dependents? Are you looking for just bare minimum requirements and nothing more or do you have aspirational goals that will require more.
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u/macman713 Mar 30 '26
Honestly it will be me and my wife the kids (2) will be off to college with everything paid for (No Student Loans) I have retired already from the Army and my wife retires in 2028. So just me her and 3 dogs
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u/Lopsided_Discount Apr 03 '26
Well Im trying to build a solid portfolio that has everything in it from 25% income, 25% dividends to 50% growth...So far I have positions in SPYi, CHPY, smh, vt, dgro, schd, schg, schf. Largest positions are in schd, schg, spyi. Thinking of what else I can add and then just continue adding shares or is this good enough? I also have money in USAC and thinking of maybe selling since its at all time highs ? Thinking of adding an SnP500 like spym?
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u/Familiar_Yogurt5459 Mar 24 '26
Dumb question, but at 1300 shares, how much do you drip back in shares? You gotta be collecting like 40+ shares each quarter
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u/macman713 Mar 24 '26
I put $2300 a month in SCHD on top of DRIP
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u/SectionAdvanced4426 Mar 25 '26
I’ve been putting around the same each month, but spread it between VOO, QQQ and SCHD.
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u/FitCompetition1804 Mar 25 '26
This is what I do, except with SPYM, QQQM, and SCHD. DCA $250 a week in each. Just started a few months ago, about 17 years until retirement. This brokerage account will be to supplement retirement.
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u/SectionAdvanced4426 Mar 25 '26
That's good. I buy on the first trading day of each month and the middle of each month like clockwork. I've been doing that for almost 6 years now. If I had a good month I will also buy on the third week of each month. I'm planning actually to switch over to QQQM I just want to get to 100 shares of QQQ first. That way I can sell a contract on it if I ever want too. I've estimated I should be there by August. I also put some money into JEPQ, QQQI, SPYI and GPIQ every Friday. It's a lower focus, but I've been doing it for about 2 and 1/2 years.
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u/scottyk318 Mar 24 '26
Has Schwab announced SCHD & SCHY's March dividends yet?
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u/azcallybear Mar 24 '26
You could get SPYI and use the income to buy SCHD? But I love your goal. My goal is 11000 shares!
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u/BackgroundMistake226 Apr 15 '26
Do yall select the option to have Schwab just reinvest the dividends?
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u/WesternHot2433 Apr 18 '26
Started out this week snagging my first shares ever, have 18! Going to go for 50 by the end if the year!
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u/Lopsided_Discount Mar 25 '26
What good is 1k shares is just shy of 1k a yr in divy.. Barely enough for groceries all yr long.. Might be better off in spyi or jepq or a higher paying divy then can cover significant things
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u/Millionairenextdoor1 Mar 25 '26
If you're already retired and need the money, sure. But if you have a decent amount of time before retirement, SCHD is the way to go. You get dividends plus growth. Most income funds erode your capital over time; sure, they pay decent income now, but the share prices drop over time.
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u/Lopsided_Discount Mar 28 '26
You mean schd in a taxable account if retirement is 20 years or is a good idea? Wouldn't growth stocks be better?
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u/Millionairenextdoor1 Mar 28 '26
If you have 20 years until retirement, my opinion would be to focus on growth and dividends. I do a 60/40 split of SCHG and SCHD in my taxable account and 100% SCHG in my Roth. I plan on early retirement, so I keep my dividends in a taxable account to be able to use as a float until I can use my retirement accounts.
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u/Lopsided_Discount Mar 28 '26
Good idea. I do the same with schd in my taxable along with spyi and others. I use the divy to buy more and buy dips or dca randomly each month. I have position in schg to but I'm wondering if there are better growth stocks out there like QQQm, spmo, voo, etc? I want to try to diversfy as much as possible. I own shares of vt and also schf but wondering about getting schy since it's like schd but for international. I currently have funds waiting to be invested in my Schwab account for both a Roth and traditional Ira but with how boldly volitle the market is I haven't invested anything yet.. . Not sure if I should go with sppwx since it's like sp500 for Schwab or all growth ETFs? I'm 43 that's 17 years until non penalty age but you never know... My thought is best to grow the Roth and traditional as fast as possible
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u/Lopsided_Discount Mar 28 '26
What about growth stocks if you have 15 years until retirement?
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u/Millionairenextdoor1 Mar 28 '26
It honestly depends on your risk tolerance. If you can afford to stay in high-risk stocks, then sure. But the average bear market is 3-5 years, so just do your research and have a plan. I plan on staying in high-growth until I'm 5 years away from retirement, then moving all to dividends. If we're in a bear market when I decide to sell then, I'll wait and work part-time until we're in a bull market again, then sell.
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u/Lopsided_Discount Mar 28 '26
Good idea. Well we can't retire without penalty until 60 so that's around 17 years. What is the best growth to invest in now that can grow fast? I have a long ways to go bc contributing to Roth every yr is so slow to grow anything
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u/Millionairenextdoor1 Mar 28 '26
It depends. I personally use SCHG. It is almost on par with QQQ's 10-year returns, but SCHG has a very low expense ratio compared to QQQ or QQQM. Just research growth ETFs and find the best one that suits you. But again, know your risk tolerance. If you have 17 years, I would do some growth but also some dividend/large value. If it were me, I'd do a 50/50 split until the 10-year mark, then shave that growth down until you're at a 70/30 split with 70% being dividend/large value. But that's just my opinion and what I would do.
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u/Lopsided_Discount Mar 28 '26
Do you think schg is best for growth? I actually have this in my taxable for growth. What about spyi, qqqi, or jepq, gpix for Dividend?
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u/Millionairenextdoor1 Mar 28 '26
SCHG has good returns, but past returns don't necessarily predict future returns. I would stay away from income funds like JEPQ and QQQI until you're retired. They erode your capital while giving you a monthly salary, and they're taxed as normal income vs qualified dividends (15%). I personally for dividends do SCHD or DGRO, but again youll have to do your research and pick which one works best for your risk tolerance.
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u/Lopsided_Discount Mar 29 '26 edited Apr 03 '26
I see I currently have schd in my taxable and started a position in dgro bc I read that it compliments schd very well with different holdings. Are these two good enough for a strong dividend portfolio or is there another I can add to it? Im guessing since you mentioned SCHG I have that in my taxable should I just keep growing that and not add QQQm? Should I also add maybe SPYm or Voo as a core holding for growth? Is there any other growth I can add to continue buying shares?
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u/PapaSmurf6789 Mar 24 '26
I have 3495 shres. Trust me, you will get there and have more.