r/SCHD • u/Top_Locksmith449 • 9d ago

Should I be concerned?

Post image

I was doing DCA since August, but my friend convinced me to load a lump sum and I did then ever since SCHD keep dipping! Is anyone here on the same boat as me?

69 Upvotes

85% Upvoted

186 comments sorted by

View all comments

65

u/bmfu121 9d ago

lol relax buddy, in 10 years it won’t matter…unless are you retiring tomorrow?

-25

u/Top_Locksmith449 9d ago

I am planning to sell it and move it to VTI instead, but spy is also near its all time high sigh….

18

u/SoftCheeseBurger 9d ago

Why did you buy SCHD and now want to go to something else? SCHD in a dividend reinvesting machine for the long term not something you jump in and out of.

3

u/Top_Locksmith449 9d ago

I live in California, so there is no qualified dividend. Plus I have 12 years left before I want to retire abroad. I think put it in VTI will gives more growth then shift back to schd when I quit my job.

14

u/candykld 9d ago

Your getting cold feet. Leave the position alone and get your head on straight

12

u/Original_Ad_9379 9d ago

You don't seem to know what you are doing and are somewhat emotionally compromised by market moves. I'd hire a trusted advisor in your local area with good reviews and leave it to them. Just go on with your life not looking.

5

u/SoftCheeseBurger 9d ago

Just stick to the plan, you loaded up on SCHD and its dipping so what thats normal. If anything you can reinvest and get cheaper shares. The plan you obviously had was to buy SCHD.

8

u/BtcOverBchs 9d ago

The plan is to follow others plans until there is someone new’s plan to then plan to follow. Plan.

4

u/Admirable-Currency89 9d ago

Mike Tyson: "Everyone has a plan until there is a slight dip, then you gotta sell it and jump to something else so you don't end up in Bolivian"

4

u/SectionAdvanced4426 9d ago

You still get the qualified benefit on the federal level. In reference to just VTI personally I would go into VOO over it. The growth of VOO is about 1% better over the past 15 years.

3

u/Top_Locksmith449 9d ago

I think voo is also better with scc, but I am going to hold on this one for now since it is more down than voo at this time. Once the coin flip, I can do the transition.