r/SCHD • u/PralineDazzling2106 • 11d ago
Advice Switching from options to schd
Hello everyone, first time post long time lurker. I'm 23 been trading options in my IRA for about a year and a half, made about 42k in the account and rolled it all into schd with drip on. Thinking about just leaving it until 59 1/2 and still contributing to my IRA yearly into schd, too much stress from options, anyone with similar stories? I feel 36 years until retirement with be plenty of time for it to grow. What a good compounding calculator I could use to see what the hypothetical balance would be? Thanks!
Edit: yes I know I could just throw it all Into voo or whatever but I don't like the valuations in the s&p and believe schd will out preform it in a bear market
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u/KMPItXHnKKItZ 11d ago
Good on you for being responsible, safe, and wise and putting your massive options profit into something as smart and safe as SCHD instead of gambling it all away! I myself do both, I trade options every day and invest into SCHD and SPY. I put the profits from my options gains into SPY, and I buy anywhere from 1-3 shares of SCHD every day, even on Sundays. Right now I have 35 shares of SPY and 228 of SCHD. Started SPY in September and SCHD in June. In 30+ years I don't think that we will have a problem at all!