$SCHD is down more than 6% over the past month and I’m actually planning to add more. Rising bond yields have been hurting dividend stocks lately. When investors can get 5%+ from Treasuries, stocks owned mainly for income suddenly have more competition. But nothing about that really changes why I own SCHD. I don’t expect it to move like my growth stocks. I hold it for a different reason : good dividend-paying companies, income and some balance in my portfolio. After the run SCHD had earlier this year, a pullback like this is actually giving me a chance to slowly add again. I’m not trying to guess the bottom. I’ll probably just add in small amounts if it keeps dropping.
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4 Comments
Thang N
@thestockman35 · 17d
I agree completely. I'm just waiting for the price to come down even more to buy more.
Kaila
@kailainvests · 17d
That’s smart!
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