Who has SCHD stock? Great Dividend ETF to retire

I use GPIQ, GPIX, PYLD, and SCYB.

Glad i dumped this turd a few years ago. For dividend income, there’s better options

Running both growth and income

GPIQ I consider a blend.

Income: JEPQ, QQQI, SPYI, GPIQ

Growth VUG, VO, VOOG, VTI

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I don't get the preference for dividend stocks given their consistent under performance. Not to mention tax drag if held in non retirement accounts. Besides, why would I choose to put my capital into a company that determines the best use of excess capital is to give to right back instead of investing it for more growth/profit? I prefer to determine when to extract my capital.

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Ding ding ding…

Dividends are for suckers

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SCHG is a way better ETF in my opinion.

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As far as performance, SCHG has increased less than 5% YTD while SCHD is up 17%+ YTD.

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Dividend stocks create tax drag in taxable accounts whether you pull the income or not.

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Just depends on which assets you prefer and what you deem as "safe".

Do you believe tech stocks are "safe"? I tend to have more belief in long term dividend payers. My babies are the preferred stocks of JPM, BofA, WFC etc.

Scenario. I am 55. I want to retire early. House and cars are paid for. I am married and have $1.5 million in a taxable account. I can easily live off $100K income per year.

I have a basket of common and preferreds I have held for over a year that pay dividends with a yield north of 7.5%.

In that scenario above, I can generate $100k of income and pay zero tax on it.

I prefer to do that instead of buying and selling tech stocks. Just my preference.

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With preferred shares in the banks you listed yielding ~5.5-6.5% what else are you holding to get "north of 7.5%"?

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I have a group with yields around 6.25-6.5%. WFC-PD, BAC-PP, JPM-PL.

Then I have a group with yields north of 7% some almost 8%. Preferreds of Pinnacle Bank, M & T Bank, Bank of Hawaii etc.

I have a bunch of FLNG which I bought cheap which now has a yield of 11%.

Common stock PFE, MO, VZ etc. etc.

I think the average is around 7.5% in my taxable account.

I own some. It is 20% of my overall retirement portfolio. It is taxed as cap gains and fits well into my overall retirement strategy.

There’s a time and a place for dividends. I have a 401K, a taxable brokerage and a Roth. My 401K is about 85% equities and my main retirement account. My brokerage account has VTI & VONE & VTV, but I have a good bit of REITs, BDCs, Dividend ETFs and covered call ETFs. It generates enough income for me to fund my Roth each year and rollover and buy some more funds. When I get closer to retirement, I can stop funding the Roth and just use the extra income.

Just gotta have a plan.

For the OP; I have SCHD and like it. I also have VYM, JEPQ, SPYI, PFFA, DX, BXSL & QDVO that I like too.