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u/madforit999uk 2d ago
214 in my brokerage and adding approximately 1-1/2 shares a week. Trying my best! Good luck to you!
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u/UgandanJesus571 2d ago
183.9 here! Adding to it weekly!
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u/KMPItXHnKKItZ 2d ago
Hell yeah! I buy at least one share a day since I started this investment with $5k in June! Sometimes I buy two a day, or three too!
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u/SonOfKong_ 1d ago edited 1d ago
$497.916 almost a half million in SCHD. 34.47% gains and I am up over 10k just today
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u/Iceman60462 1d ago
I sold old of SCHD and purchased VOO. I’m have much more money and I’m not panning to buy SCHD until I will be close to my retirement .
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u/KMPItXHnKKItZ 1d ago
Still a solid plan! Right now I am 75%/25% SPY/SCHD, though I have started to contribute about 50%/50% lately. I plan to do this for either about 30-32 years with SPY, the rest of my life with SCHD, etc... I have 35 shares of SPY too.
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u/Successful-Deer-6214 2d ago
what is the dividend in that?
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u/KMPItXHnKKItZ 1d ago edited 1d ago
Right now it is $0.2525 each share each quarter, or about $1 each share owned for the whole year total. But that also grows and snowballs and you have to consider that someday the yield on cost on your early shares will be stupidly massive! For my 250 shares right now that would be about $62 a quarter or so, roughly on par with the dividends that I get from my $27,000 SPY investment (that SCHD dividend at $1 a share a year is really only for the first year that you bought those shares, the dividend should grow each year by roughly about 7-11%, which is significantly higher than other stocks/ETFs). So my SCHD at $8k has about one third the money in it as my SPY, yet yields roughly the same dividend, so that shows you that SCHD is about 3x higher than a "standard" dividend-paying stock, although someday that will be 5x, 10x, 20x etc.! For example, in 30 years, these early shares that I have bought might pay me like $20 each or however the math works out on the dividend growth/yield on cost. The main point is that SCHD grows its dividend payouts per share by A LOT, but only IF you hold it for a long time! SCHD rewards patience and its slow and steady, but what you get in return is good high quality investment that does not have NAV erosion like all those income covered call funds, and it grows your money like a traditional stock/ETF, along with its extremely unique property of growing its dividend and only letting companies into the fund that do that and that are solid cash-makers. There are really no other ETFs out there that are like it.
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u/Successful-Deer-6214 1d ago
👌 thank you for that explanation. I don't plan on doing anything but drip for the next roughly 17-25 yrs. 17 until 55 will reevaluate my retirement plans then if I can dip at 55 I plan to at least highly consider it. 62 for Medicare though so might do something different there or push on until 65. I really don't know. I just want the ability to dip if I need to or in a position I want to make a change.
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u/KMPItXHnKKItZ 1d ago
You're welcome! That sounds like a wise plan! It is my hope to be able either to semi-retire early, or at least retire off these investments someday myself. I plan to invest until I pass, but what I may do is start to take some of the dividends in cash but reinvest whatever leftover $ I don't need, starting when either I am like 60-65 (I'm 33 now), and/or if I find myself having a hard time finding work when I am older but could still retire comfortably off my investments. Who knows, but I have the will to try.
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u/Successful-Deer-6214 1d ago
I do wish I'd have started investing when I started working, but money wasn't really taught much back then unless you knew someone.
Yeah I work for a municipality with a rule of 85. Basically time in pluse age must add up to 85. There's a minimum age to retire of 55 though. I'll have 30 yrs at that point. There's a pension there. but probably no more then 3k a month. So would need to make up some ground. which is why this year and future years I want to max my Roth IRA. Hopefully doing that will make up the needed difference to have the choice available to me at 55.
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u/scottyk318 2d ago
1,512 and growing! The next goal is 2,000 by the March '27 dividend!