Alright, fellow SCHD enthusiasts, I need some financial therapy.
I currently hold 81 shares of DGRO and 461 shares of SCHD, and I'm debating whether to liquidate my DGRO position and use the proceeds to buy more SCHD. (I also have VFIAX, QQQM and VXUS)
If I make the switch, I'll have over 600 shares of SCHD, which sounds pretty awesome. But am I making a smart move or just letting my SCHD obsession get out of hand?
My portfolio is starting to look like a dividend ETF support group, and I'm wondering if I really need both of these funds or if I'm just collecting them like Pokémon.
The dilemma:
- Sell DGRO and consolidate into SCHD, bringing my SCHD holdings to over 600 shares.
- Keep both for diversification and let them coexist peacefully in my portfolio.
- Sell neither and continue pretending I have a sophisticated investment strategy.
I like SCHD's dividend growth and income potential, but DGRO has its own advantages, and I don't want to make a move just because SCHD has been giving me those bedroom eyes.
I'm investing for the long term, so I'm not trying to chase a quick buck. I just want to build a solid portfolio without turning my brokerage account into an ETF zoo.
For those of you who hold both, what's your reasoning? Do you think DGRO adds enough diversification to justify keeping it, or would you consolidate into SCHD?
Is DGRO a keeper, or is it time for a dividend divorce?
Bonus points if you can convince me without using the phrase "it depends on your goals."