A moment of reflection on my large SCHD purchase
3 months ago I sold my business and received my hard earned windfall. I started getting money in the market ASAP amd reviewed with my Schwab guy. I will no longer be earning income so I wanted a portfolio that produces X amount of income, tilted towards growth. One of my largest holdings currently is SCHD to produce income.
Here is the question.
Is SCHD still a very wise income producer for retirement if you haven't had time to drip? Would any of you buy it at retirement like I did or is it your play only because you'll have many years of conpounding?
The numbers suggest that keeping something more growth focused and selling stock is a better long term play. However, I like the stability of SCHD. I also do not emotionally like selling a finite amount of shares to live on even if the math works. I Also like the LTCG on the income I am receiving.
I do not believe I did anything "wrong" and that my portfolio gets the job done. However, there may be a better play for someone with a windfull at retirement that I am open to hearing.
I personally love SCHD thus far and I am sure I will into the future.