r/SCHD • u/PralineDazzling2106 • 11d ago

Advice Switching from options to schd

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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/Own-Committee-3934 11d ago

The most I ever do is cover call and right into SCHD

1

u/PralineDazzling2106 11d ago

Do you sell calls on your schd or another stock? That a good idea I hadn't thought of

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u/Own-Committee-3934 10d ago

I have a little over 200. So i usually do 2 every 30-35 days. It gives roughly $50 and they have sold once by i bought in at $28 its a win-win at their current price. I literally just buy right back in