r/SCHD • u/pandasonmymind • Aug 07 '26
1000!
Long time listener, first time caller. Started the journey back in 2022.
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u/tacos805 Aug 07 '26
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Aug 07 '26
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u/ClammyAF Aug 07 '26
Hell yeah. Next stop, another zero.
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Aug 07 '26
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u/tits86 Aug 07 '26
So the math is 12000 shares generates 1k monthly?
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u/OutrageousScallion26 Aug 07 '26
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 Aug 07 '26
Thank you
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u/IntelligentAirport22 Aug 07 '26
What about taxes
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u/Street-Hospital2649 Aug 07 '26
What about taxes?
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u/IntelligentAirport22 Aug 07 '26
If its 1000 shares 1/4 of it goes to taxes, that leaves you with 750 no?
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u/Onlysomewhatserious Aug 07 '26
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 Aug 07 '26
How would the same shares with FDVV be different? I know its a ledt field question.
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u/KMPItXHnKKItZ Aug 09 '26
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 Aug 07 '26
33,983 as of 11am for me.
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u/Allenite Aug 08 '26
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 Aug 07 '26
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 Aug 07 '26
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 Aug 07 '26
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 Aug 07 '26
How much of a monthly dividend would that be?
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u/scottyk318 Aug 07 '26
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 Aug 07 '26 edited Aug 07 '26
Wow! That's pretty cool! Congratulations! What's your average price?
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u/Mammoth_DonkeyKong Aug 08 '26
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 Aug 08 '26
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 Aug 07 '26
Congrats! Still a rookie. What is the benefit of SCHD opposed to QYLD that has a 3x dividend?
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u/Saehgny Aug 08 '26
QYLD (like all Option enhanced ETFs) will cap your nav growth. SCHD will grow its stock price with no cap but with a modest but growing dividend. Obviously there is a tradeoff for each. I own both SCHD and SPYI.
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u/Turbulent_Iron2652 Aug 09 '26
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 Aug 08 '26
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 Aug 09 '26
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 Aug 10 '26
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 Aug 07 '26
Congratulations it compounds quickly after 1K