u/Repulsive-Log6706

What’s a better plan to DCA over a few months on red days into SCHD or lump sum the whole 500k?

Just got the steam version wanted to the Easter egg to level up I know most of the steps.

I have 500 K in a portfolio that I wanna start making into a dividend machine. I live in New York State (40%), so tax exempt income is preferable.
My current plan is,

60% SCHD with drip
30% SCHD no drip
5% SCMB
5% Physical Gold

Can anyone think of anything better with a high-yield, good growth, tax friendly?