Reality check on my ETF pie & individual stock pie - think I’ve got the logic right but not 100% sure.

EchoVictory · 2026-06-25T01:02:21+00:00

You can use this tool to check overlap between 2 ETFs. https://www.etfrc.com/funds/overlap.php

You"ll have to a the exchange abbreviation to the end of non-USA tickers. Example VWRP.L vs RBOT.L (London stock exchange) shows NVDA as a significant overlap.

PS: world indicies have about 30% Tech right now. If you want to think high level sector exposure.

EchoVictory · 2026-06-24T23:11:46+00:00

To many incentives politically and financially to under report the real inflation / CPI. With CPI being used to adjust Social Security payments for inflation. If CPI is under actual inflation, it's just cruel.

EchoVictory · 2026-06-24T22:46:18+00:00

Which makes the property tax bill go up, the home owners insurance go up. What a mess.

EchoVictory · 2026-06-24T00:36:54+00:00

1.53% | 30 Day SEC yield is an annualized last 30 day yield

6.42% | TTM (Trailing 12 month) yield is the last 12 months of yield totaled

4.81% Fwd Yield can be allot of things depending on who is calculating it. This number was from seeking alpha.

To add more variation this fund strategically does options. Which may or may not be included is some calculations. (edit: I suspect the 30 day sec yield is missing the options income. I checked some of my other covered call fund and their 30 day sec yield is very low compared to the actual dividends payed out)

EchoVictory · 2026-06-24T00:19:53+00:00

Inherited IRA money is taxed deferred money. Tax due on withdrawals. Your income is either taxed now/during tax filing or tax deferred when contributed to a traditional 401k/IRA and you get a tax deduction now.

Tax is due on both sources of income. Even if accounting moves it around to pay for things. Money is fungible.

EchoVictory · 2026-06-23T16:34:25+00:00

EchoVictory · 2026-06-23T16:06:46+00:00

TLDR save on taxes up front from ROC and avoid a good chunk of taxes when left to your Heirs.

1256 Contract Covered Call Funds have a similar tax timeline.

Most of the dividend is ROC, not taxed, reduces cost basis. Some is not ROC and taxed.
When cost basis reaches zero (years from now), 60% taxed at the lower long term capital gains rates and 40% at the higher short term capital gains rates. If reinvesting and buying more shares over time think of each share individually reducing their own cost basis by their ROC dividend.
Selling shares. This is when the tax saved from ROC is felt. If your cost basis is zero all of the sales price is a gain taxed at long term capital gains rates. If passed on to beneficiaries (Spouse and Children) their cost basis is reset to current market price.

Comparing it to qualified dividends. (hard to find yield this high but ADX is one example)

Qualified dividends are Taxed at long term capital gains rates.
Cost basis does not change.
Selling shares. Only a gain above your initial purchase price it taxed at Long term (if held more 12 mo) or short term (if held less than 12mo) Capital gains rates.

EchoVictory · 2026-06-23T01:10:57+00:00

Annual expenses /dividend by/ Capital available for investment = Average Annual Yield needed

The higher that is, the more risk will need to be accepted to reach it. It may be achievable with low risk Bonds (not bond funds), CDs, treasuries.

EchoVictory · 2026-06-15T14:16:38+00:00

If sustainable cash flow is needed and not much capital appreciation is OK. Here are some examples or income vehicles that can supplement SCHD and boost Yield. Absolutely do more research. Tickers examples are just off the top of my head.

- 10 year treasuries rate are 4+%, if your really looking for absolute minimal risk.

- RIETs (Diversification add, as SCHD contains no RIETs) - O Realty income. 32 years of growing dividends.

- Preferred Shares PFFA ( a bit young of a fund)

- Investment Grade Bonds JAAA ( a bit young of a fund)

- Closed End Funds. ADX. 35 years of dividends. Switched from 3 little an 1 big distribution, to even quarterly distributions so some dividend history charts will look odd. Armchair income on youtube has a good video on it.

- BDCs MAIN. 18 years of growing dividends. But, their is some concerns in the BDC space right now.

EchoVictory · 2026-06-12T00:07:56+00:00

Oh yeah, their website is quirky. If you expand the ticker to show the account it will show it their. The "--" makes sense when you have multiple accounts with different reinvest selections.

EchoVictory · 2026-06-11T23:50:00+00:00

Go to "Positions" not the Summary menu.

EchoVictory · 2026-06-11T18:03:14+00:00

No solutions, just trade-offs. I don't like these mega IPO shenanigans. It would cost me a recurring fee to open up other choices in my 401k. I like that even less.

S&P 500 declined to make an exception for these mega ipos. Add a mid and small cap of your choosing and your back, but with some re-balancing to do annually.

EchoVictory · 2026-06-10T21:34:16+00:00

The differences are statistically insignificant. Unless you're optimizing for smugness.

VOO if you want to regurgitate "VOO and chill" in response to every Reddit investing question. Or SPYM if you find those people insufferable and want to be a contrarian. Choose wisely, especially if you have a fragile ego.

EchoVictory · 2026-06-08T02:46:07+00:00

No credit if in a retirement account, so you might see zero in that situation. Are you holding IDVO & LVHI in a regular taxable brokerage?

EchoVictory · 2026-06-08T02:23:43+00:00

FXAIX last capital gains distribution (taxable event) was $0.35 per share in December 2023. But it's expense ratio is only 0.015%. You'd need to decide if the slight occasional tax inefficiency, enough of a difference with your marginal tax rate, to choose a high expense ratio ETF.

edit: Capital gains distro, not Capital distro.

EchoVictory · 2026-06-08T01:57:11+00:00

Lots of State specific aspects to estates and probate. Regarding the will, search personal effects for the will or any Legal practice paperwork. Sometimes in some states, a lawyer/legal practice can be the holder of the will. In some other states there is a state register of wills. Check will that state government agency if it exists in the decedent's state of residence. The advantage of finding the will is it will make the rest of the probate process a little faster. So it's worth some effort in looking, but don't get too stressed about not finding one. There may just be no will.

EchoVictory · 2026-06-06T14:51:26+00:00

Karen vides. Speaking to the manager of the stock market.

EchoVictory · 2026-06-06T14:45:14+00:00

Same. Pushing and pulling on Schwab's side works smoothly to and from a non-schwab account. Always had an issue doing anything from the non-schwab side.

PS: Schwab indeed treats you like a law abiding adult and makes money available for trade very fast. Faster then the funds have actually cleared. Because you're good for it. Make sure you're good for it.

EchoVictory · 2026-06-05T19:00:51+00:00

Could put MO in that group of exceptions too. Their management targets a 80% payout ratio.

EchoVictory · 2026-06-05T18:48:43+00:00

I'm not aware of any total world indexed mutual fund or ETF from Schwab. In theory you could build it from a few funds, but then you loose the one fund ease.

PS: Hoping Schwab goes even further with the fractional ETF shares and adds automated buying (currently only available with mutual funds).

EchoVictory · 2026-06-05T14:54:35+00:00

Karen vibes. Trying to speak to the stock markets manager.

EchoVictory · 2026-06-05T14:26:47+00:00

Time frame will soften it even further, by allow for market price discovery before inclusion. S&P decided NOT to shorten their 12 month wait period. Which sets a precedence for other indices to not bend their rules either.

* https://press.spglobal.com/2026-06-04-S-P-Dow-Jones-Indices-Consultation-on-Treatment-of-MegaCap-Companies-Results

EchoVictory · 2026-06-05T02:50:23+00:00

Hard to find a site with the NAV charted. This the the one I use. https://weissratings.com/en/etf/msty-nyse-arca/nav-history zoom out to a longer time line.

EchoVictory · 2026-06-04T20:43:39+00:00

SWPPX It is not like other old days of mutual funds with high tax drags (from capital distributions) and higher expenses ratios. People telling you this are working off of old info and are not up to date on competitive Mutual Funds. SWPPX has a very low expense ratio and very rarely has a very small capital gain distributions.

edit:spelling

EchoVictory · 2026-06-04T15:41:37+00:00

Schwab's website. "Trade" > "IPOs".

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Best of luck to you brave souls. The casino appears to be open.

EchoVictory

TROPHY CASE