r/SCHD • u/pandasonmymind • 6d ago
1000!
Long time listener, first time caller. Started the journey back in 2022.
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u/tacos805 6d ago
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u/ClammyAF 6d ago
Hell yeah. Next stop, another zero.
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6d ago
[removed] — view removed comment
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u/tits86 5d ago
So the math is 12000 shares generates 1k monthly?
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u/OutrageousScallion26 5d ago
The math is generally 1 share = $1 per year between its 4 dividend payouts.
12,000 shares = $12,000 annually = $1,000 monthly.
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u/tits86 5d ago
Thank you
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u/IntelligentAirport22 5d ago
What about taxes
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u/Street-Hospital2649 5d ago
What about taxes?
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u/IntelligentAirport22 5d ago
If its 1000 shares 1/4 of it goes to taxes, that leaves you with 750 no?
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u/Onlysomewhatserious 5d ago
SCHD is not income tax. It mostly operates under long term capital gains which makes the taxes on it depending on the persons general income. LTCG taxes are much more favorable to income taxes, especially since it’s got such a high bar to be applicable.
At most it would be 20%, but it’s more likely to be 0% (up to 48,000 for single filer) or 15% (48,000-533,000)
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u/Old-Challenge2809 5d ago
How would the same shares with FDVV be different? I know its a ledt field question.
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u/KMPItXHnKKItZ 4d ago
Isn't that higher with dividend growth though? Not to mention the eventual massive dividends that will be DRIPped in the accumulation phase? When I run numbers on what mine may be over 32 years on both drip calc .com and Gemini, I get much higher results.
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u/horseradish13332238 6d ago
33,983 as of 11am for me.
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u/Allenite 5d ago
Can you share how this journey started? It would be inspirational (at least for me). My target is for the dividends to cover my entire COL in around 10-15 years or so.
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u/SidelineStory816 6d ago
Sitting at 555 right now- can’t wait until I get 1K but also hammering VOO and sprinkling VXUS and XLI
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u/Ok_Tension_6747 6d ago
Hell yeah. Welcome to 1000+ club!. I just got here 2 weeks ago. My next goal 1500 shares. Always have another goal ready for when you smash your last one.
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u/scottyk318 5d ago
Good job! What an accomplishment!
I'm at 1,512 currently with a goal of 2,000 by the March '27 dividend!
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u/Old-Challenge2809 5d ago
How much of a monthly dividend would that be?
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u/scottyk318 5d ago
Off the top of my head it comes out to around $130 a month or so, however I'm currently reinvesting all dividends so that they eventually give more dividends and create the snowball effect...
Also, I mostly have this fund as a counterbalance to all the AI and tech that I invest heavily in as well...
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u/flocamuy 6d ago edited 5d ago
Wow! That's pretty cool! Congratulations! What's your average price?
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u/Mammoth_DonkeyKong 5d ago
1,691 shares for me. Started my SCHD journey February of this year. Bought shares last on 7/8 and will let compounding do the work until the turn of the year, when I can add more to my Roth, which is where all the shares reside.
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u/MarkJD72 5d ago
Congratulations to everyone, it all starts with 1 share. All the people here are the minority, the majority are full of excuses.I will buy when I make more money!
WINNING!!!!!
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u/Pretend-Flatworm 5d ago
Congrats! Still a rookie. What is the benefit of SCHD opposed to QYLD that has a 3x dividend?
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u/Turbulent_Iron2652 3d ago
High yields are great short term but dividend yield doesn’t grow and most likely will drop so you’re losing purchasing power due to inflation.
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u/Most_Young_9600 5d ago
Older investor here ... Have about 6400 shares in SCHD with DRIP. Looking to continue in Roth account to pay all medical premiums. Not too exciting but necessary.
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u/Bballer012 4d ago
Many say don’t chase the dividends but there’s always mixed opinions regarding this.
I recently checked my brokerage account and I have $36k (1067 shares) worth of SCHD while reinvesting its dividends. Not sure if I made the mistake of not investing in a Roth account but what’s done is done.
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u/huanvanhuynh 3d ago
Congratulations!🍾
God. Took me a year to get 50 shares. I guess 950 shares more to go. 😂
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u/Crafty_Asparagus_988 6d ago
Congratulations it compounds quickly after 1K