SCHD Is Down From Its All-Time High. Here's Why I'm Not Selling.
Modest pullbacks are normal and shouldn't alter long-term investment strategies.
Overview
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is having a tremendous year so far. Year to date, the fund is up 25%, compared to a 14% total return for the Vanguard S&P 500 ETF (NYSEMKT: VOO).
But it's also about 4% to 5% off its high at a time when the S&P 500 (SNPINDEX: ^GSPC) is retesting new all-time highs. Does that suggest a reversal is beginning? Is it time to sell, or at least consider shifting new investments elsewhere?
I don't think so, and here's why.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.