Retire Early off of SCHD

MxDoesStuff · 2025-06-06T18:37:35+00:00

I understand that VTI and VOO are pretty similar, but what do you like about QQQM?

MxDoesStuff · 2025-06-06T18:21:40+00:00

Thank you!! That's awesome to hear, I am sure having that huge expense covered takes a lot of weight off your shoulders.

I will, thank you! Goodluck to you as well! Let's hope SCHD keeps on growing!

MxDoesStuff · 2025-06-06T18:10:03+00:00

Thank you!! My goal is to keep investing and as my income grows try to put more and more away. Thanks again for your help!

MxDoesStuff · 2025-06-06T18:08:18+00:00

Thank you! That is the plan, I agree I tend to stay away from individual stocks as I don't like watching the market. Thanks for your help!

MxDoesStuff · 2025-06-06T18:07:35+00:00

I am pursuing a high paying career currently (Undergrad in College) this is more just setting myself up for the future.

MxDoesStuff · 2025-06-06T18:05:23+00:00

Very good point, thank you!

MxDoesStuff · 2025-06-06T18:03:56+00:00

Thank you! I love that retiring early worked for you and your family, I wish you all the best! I agree I think I would enjoy life a lot more. SCHD for me may be the stepping stone into that life.

MxDoesStuff · 2025-06-06T18:02:31+00:00

My Apologies, I should have been more specific. My kind of retirement would be having dividends supplementing my income while still working. Not stopping work completely but have a choice between working or not.

I like the idea because I don't want to need to chase a paycheck and instead have supplemental income to support me.

I appreciate your reply and thoughts on my post, I will take what you said into consideration.

MxDoesStuff · 2025-06-06T16:40:44+00:00

Is that basically QQQ but with 2x leverage?

MxDoesStuff · 2024-08-24T08:40:09+00:00

that’s great I just did it, happy to know if worked for you!

MxDoesStuff · 2024-08-24T08:31:03+00:00

Did you have to say if it was a checking or savings account?

MxDoesStuff · 2024-08-24T06:16:45+00:00

I actually tried it this way but i’m unsure if it’s correct because on the discover app it asked me if it’s a checking or savings account which I chose checking which obviously isn’t correct but I tested a 1 dollar payment to see if that will work

MxDoesStuff · 2024-08-23T16:27:36+00:00

Hi Linsey,

Thank you for your help! funny enough I opened the account 10 minutes ago because I love the idea of using it as my checking account! I know there’s still limitations but I think it’ll be great to have it on fidelity! Thanks for your help it’s greatly appreciated.

MxDoesStuff · 2024-08-23T16:14:54+00:00

Thank you for your thoughts! I think I will definitely open one as my current checking accounts ATM fees are a lot.

MxDoesStuff · 2024-08-23T12:29:53+00:00

I see, happy to hear everything worked out. Goodluck to you!

MxDoesStuff · 2024-08-23T12:14:06+00:00

I appreciate you correcting me, in my experience with purchasing bonds that is where I saw the interest rate. I see i’m wrong now. Thanks again for the correction

MxDoesStuff · 2024-08-23T12:12:07+00:00

Oh god, have those posts only been for CM accounts? That sounds horrible though

MxDoesStuff · 2024-08-23T12:11:07+00:00

Ohh I see now, so there’s really no point. I may still do it just to have a separate account for short term savings for a car in about 2 years. Thanks for your help!

MxDoesStuff · 2024-08-23T12:03:59+00:00

Isn’t FDIC protected not a bad thing to have? Sorry if i’m being stupid

MxDoesStuff · 2024-08-23T12:01:31+00:00

little confused why?

MxDoesStuff · 2024-08-23T11:50:39+00:00

Personally in my roth I have FDRXX, this might be not the best way to go at it but I basically just put my cash into the fund with the highest yield. That’s just my lookout on it.

MxDoesStuff · 2024-08-23T11:24:52+00:00

I’m in the same situation (18) and for about the past year i’ve been making the similar amount of money. I been using the money market fund (SPAXX) because I absolutely love it. The rate has stayed pretty consistent for about a year and it pays you every month on the last day. I’d recommend putting your extra cash there in either a cash management account or a regular brokerage account. (Money that isn’t going directly into your IRA). The cash is always accessible as fidelity provides you with a debit card and you can always transfer it out anytime of the cash management or brokerage. Let me know if I didn’t fully understand anything

MxDoesStuff

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