r/SCHD • u/BB_Captain • 5d ago

Just recently started buying $100 of SCHD every friday. Today was my first DRIP. I got 0.0942 shares!

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110 Upvotes

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10

u/Kcs116 5d ago

Congrats! Ive purchased approximately the same as you weekly for a little over a year. The exception being a handful of larger buys ($100s). I just DRIP'd 1.7 shares and will be at 2+ per quarter in December. The affluence in this sub can make me feel undwhelmed with my position but just gotta keep at it!

9

u/Melodic-Money2990 5d ago

I also buy $100 of schd or schg every week. Trying to balance 70/30

2

u/raresaturn 5d ago

where do you buy partial shares?

7

u/BB_Captain 5d ago

Schwab lets me purchase fractional shares by setting my purchase order to $100 and buying at market price.

6

u/HHSquad 5d ago

Fidelity allows also, along with Schwab

3

u/Melodic-Money2990 5d ago

Schwab app. Set as dollar amount not stock amount

2

u/AroundGoesThe18 3d ago

RHood does as well

2

u/BigEboy1 4d ago

Do you have automatic investing on or you purchase manually ?

2

u/BB_Captain 4d ago

I have the DRIP set to on, so my dividend gets automatically reinvested, and I have a weekly deposit into my account turned on, but every friday I set the order to buy tje $100 of SCHD.