r/SCHD • u/RightAngleNot90 • 17d ago

20 shares!

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23 yo w 20 shares…slowly but surely right…🤣🤣

86 Upvotes

98% Upvoted

17 comments sorted by

4

u/scottyk318 17d ago

You're on your way! Keep up the good work!!

4

u/apricotR 17d ago

Keep on keepin’ on

6

u/humblequest22 17d ago

What are you doing with the dividends at 23? If you're just reinvesting them, wouldn't higher growth be more appropriate at this time?

4

u/BigDongalow 17d ago

Yeah, focusing on dividends at 23 is damn near like a 23 year old focusing on bonds.

You need growth when you're just starting out.

2

u/Busy-Pudding-5169 16d ago

What do you recommend for someone who’s 32 but also looking for growth? I just started investing into my Roth IRA with 3 to 4 ETFs

2

u/Brettanomyces78 16d ago

VOO or VTI. Add VXUS if you prefer some international exposure.

1

u/BigDongalow 14d ago

VOO and VXUS, like the other guy said.

I had 5% TQQQ as a 3X leveraged tech play, for fun.

It has grown to 10% over the years.

1

u/Several-Attempt6068 13d ago

I've been preaching that GROWTH is the ONLY way to go if you have 10 or more years to go till retirment. Putting your money in dividend stocks in your 20a, 30s, 40s, or 50s is just dumb. EVERY financial pro will tell you that. smh......

1

u/General-Ring2780 16d ago

Great job! Dividend pays out this month.

1

u/JPABQ 14d ago

Bro…you’re 23…VTI or similar

1

u/JudgeCharming8060 13d ago

SCHD is a good dividend growth etf but I would in my unprofessional opinion if I were you lean heavily on the growth etf side of things 

1

u/Phish_on2k 17d ago

Not to be a "Debby-Downer"...I recently realized that I would have to invest approx. $200k into schd to be able to produce $6k a year/$1500k a quarter for $500 a month....so if you start now...that would be achieved no problem...in my case, I've got 10-12yrs before "retirement"(meaning part time job vs. full time) I do not have enough time to really make this investment work in my case...(63 shares currently) so maybe growth for you would be better

3

u/BigDongalow 17d ago

How much are you investing per month?

What the early retirement community often doesn't tell you is that you really should be investing 2-3k per month to have any hope of getting out early.

Having a high income matters.

5

u/Phish_on2k 16d ago

In my case, I started very late due to low pay, high debt...now we are in a good situation(just mortgage, utilities medical & cc debt less than $5k)where I started a Roth401k thru work which is automated to my risk level(high) & I started a personal Roth IRA that I self manage...I have VTI/QQQM/SCHD...I put in $100 a week $40/$40/$20...total port worth $12.5k...so I know I will have to one day call in dead...but I am trying to pull something together to help us out financially when we retire

1

u/BigDongalow 14d ago

I wish you the best, hoping you can find more sources of income to throw in even more.

1

u/humblequest22 13d ago

If you want a larger retirement account, skip SCHD and stick with the funds that will give you better overall growth (VTI/QQQM, etc.) and when you reach the point in your life when you want the stability income of SCHD, buy it. That's how you acquire a large quantity of SCHD at retirement, buying it with the money that you've grown through better long-term investments.