2 hours ago
A single exchange-traded fund that pays you $1,000 a month in dividends sounds almost too clean, and one fund keeps landing at the center of that conversation.
The Schwab U.S. Dividend Equity ETF (SCHD) holds more than $102 billion in total net ****** ets as of July 2026, according to Schwab ****** et Management's fund page. A 3.3% trailing yield, a 0.06% expense ratio, and 14 straight years of dividend growth explain why it draws so much attention.
But run the numbers on what it actually takes to pull $1,000 a month from that yield, and the reality hits differently.
Generating $1,000 a month means earning $12,000 a year from one investment. Dividing that annual target by SCHD's current 3.3% distribution yield produces a required investment of roughly $364,000, the fund's yield data confirmed.
At a share price near $33.29 as of late July 2026, that's approximately 10,900 shares, a portfolio concentration that few individual investors would find comfortable or feasible.
#july
The Schwab U.S. Dividend Equity ETF (SCHD) holds more than $102 billion in total net ****** ets as of July 2026, according to Schwab ****** et Management's fund page. A 3.3% trailing yield, a 0.06% expense ratio, and 14 straight years of dividend growth explain why it draws so much attention.
But run the numbers on what it actually takes to pull $1,000 a month from that yield, and the reality hits differently.
Generating $1,000 a month means earning $12,000 a year from one investment. Dividing that annual target by SCHD's current 3.3% distribution yield produces a required investment of roughly $364,000, the fund's yield data confirmed.
At a share price near $33.29 as of late July 2026, that's approximately 10,900 shares, a portfolio concentration that few individual investors would find comfortable or feasible.
#july
1 day ago
Those beginning to worry about the renewed chip stock rout may find comfort in the fact that the broader markets are holding up very well.
The Dow Jones Industrial Average (^DJI) is still trading near record highs and above all key moving averages, per Yahoo Finance AlphaSpace data. The S&P 500 (^GSPC) is holding above its 100-day and 200-day moving averages, but late last week it slipped below the 50-day.
A few factors are preventing the chip stock pullback from harming the broader market, according to Charles Schwab strategist Kevin Gordon. However, investors should be on the lookout for whether these trends reverse.
'You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Gordon said on Yahoo Finance's Opening Bid.
The equal-weighted index and cyclical stocks have all signaled a strong economy, he explained. "And when you do look at the reaction of the market to some of these earnings beats, most of the pressure and most of the underperformance has been concentrated in the tech sector. Outside of that, when you look at financials or industrials or consumer discretionary, the reaction in the market has actually been positive."
#gordon
The Dow Jones Industrial Average (^DJI) is still trading near record highs and above all key moving averages, per Yahoo Finance AlphaSpace data. The S&P 500 (^GSPC) is holding above its 100-day and 200-day moving averages, but late last week it slipped below the 50-day.
A few factors are preventing the chip stock pullback from harming the broader market, according to Charles Schwab strategist Kevin Gordon. However, investors should be on the lookout for whether these trends reverse.
'You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Gordon said on Yahoo Finance's Opening Bid.
The equal-weighted index and cyclical stocks have all signaled a strong economy, he explained. "And when you do look at the reaction of the market to some of these earnings beats, most of the pressure and most of the underperformance has been concentrated in the tech sector. Outside of that, when you look at financials or industrials or consumer discretionary, the reaction in the market has actually been positive."
#gordon
2 days ago
Interested in Capital One Financial Corporation? Here are five stocks we like better.
Northrop Grumman beat Q2 earnings estimates and raised its 2026 guidance, citing a record $104.7 billion backlog amid ongoing defense demand tied to the war in Iran.
D.R. Horton topped earnings expectations but cut its full-year delivery outlook as rising cancellations and price cuts signal a cooling housing market.
Capital One and Charles Schwab both posted double beats in Q2, signaling improving momentum for the financial sector after a weak start to the year.
As the second week of earnings season draws to a close, companies across several sectors are providing clues about what investors can expect for the remainder of the year. Of course, quarterly earnings and revenues are rear-facing metrics. But when combined with recent financial performances and full-year guidance, notable trends begin to emerge.
#financial
Northrop Grumman beat Q2 earnings estimates and raised its 2026 guidance, citing a record $104.7 billion backlog amid ongoing defense demand tied to the war in Iran.
D.R. Horton topped earnings expectations but cut its full-year delivery outlook as rising cancellations and price cuts signal a cooling housing market.
Capital One and Charles Schwab both posted double beats in Q2, signaling improving momentum for the financial sector after a weak start to the year.
As the second week of earnings season draws to a close, companies across several sectors are providing clues about what investors can expect for the remainder of the year. Of course, quarterly earnings and revenues are rear-facing metrics. But when combined with recent financial performances and full-year guidance, notable trends begin to emerge.
#financial
4 days ago
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
A growing number of workers report that their primary source of retirement income will come from their 401(k) workplace savings plan, according to a new retirement study from Schwab. In 2022, workers said 37% of their retirement money would come from 401(k) cash. In 2023, that figure has risen to 40% of workers.
"Placing such a high priority on 401(k)s is not surprising since it is their primary retirement resource, with workers counting on it to deliver 40% of their retirement income," said Marci Stewart of Schwab. "That's double what workers expect from the next closest source, which is Social Security at 20% of retirement income."
Consider working with a financial advisor as you plan your withdrawals from a tax-advantaged plan or as you create a plan for such withdrawals.
That 40% is comprised of one's own 401(k) (32%) and from one's partner's 401(k) (8%). Last year, the same study had those figures at 30% from one's own 401(k) and 7% from a partner's 401(k). Even with 40% of retirement income coming from either their own or their spouse's 401(k) account, these workers will still need to rely on a wide array of other sources to cover the bulk of their living expenses in retirement.
#workers #income #plan #study
A growing number of workers report that their primary source of retirement income will come from their 401(k) workplace savings plan, according to a new retirement study from Schwab. In 2022, workers said 37% of their retirement money would come from 401(k) cash. In 2023, that figure has risen to 40% of workers.
"Placing such a high priority on 401(k)s is not surprising since it is their primary retirement resource, with workers counting on it to deliver 40% of their retirement income," said Marci Stewart of Schwab. "That's double what workers expect from the next closest source, which is Social Security at 20% of retirement income."
Consider working with a financial advisor as you plan your withdrawals from a tax-advantaged plan or as you create a plan for such withdrawals.
That 40% is comprised of one's own 401(k) (32%) and from one's partner's 401(k) (8%). Last year, the same study had those figures at 30% from one's own 401(k) and 7% from a partner's 401(k). Even with 40% of retirement income coming from either their own or their spouse's 401(k) account, these workers will still need to rely on a wide array of other sources to cover the bulk of their living expenses in retirement.
#workers #income #plan #study
5 days ago
VTI's dual share class nearly eliminates capital gains distributions, giving it a compounding tax advantage over ITOT and SCHB in taxable brokerage accounts.
SCHB's Schwab fractional-share access puts every automated contribution dollar to work immediately, a platform-specific edge VTI and ITOT cannot match inside Schwab.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Three total market index ETFs dominate the do-it-yourself investor's shortlist for whole-market US equity exposure: Vanguard Total Stock Market ETF (NYSEARCA:VTI), iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT), and Schwab U.S. Broad Market ETF (NYSEARCA:SCHB). All three charge 0.03% in annual expenses, hold thousands of US stocks, and post nearly identical trailing returns.
The one-year numbers cluster tightly: VTI at around 21%, ITOT at roughly 21%, and SCHB at about 21%. Over a 30-year holding period, small structural differences in index depth, tax treatment, and ecosystem fit start to matter, and picking the wrong container for the same underlying market can quietly cost meaningful compounded dollars.
#itot #schb #Share
SCHB's Schwab fractional-share access puts every automated contribution dollar to work immediately, a platform-specific edge VTI and ITOT cannot match inside Schwab.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Three total market index ETFs dominate the do-it-yourself investor's shortlist for whole-market US equity exposure: Vanguard Total Stock Market ETF (NYSEARCA:VTI), iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT), and Schwab U.S. Broad Market ETF (NYSEARCA:SCHB). All three charge 0.03% in annual expenses, hold thousands of US stocks, and post nearly identical trailing returns.
The one-year numbers cluster tightly: VTI at around 21%, ITOT at roughly 21%, and SCHB at about 21%. Over a 30-year holding period, small structural differences in index depth, tax treatment, and ecosystem fit start to matter, and picking the wrong container for the same underlying market can quietly cost meaningful compounded dollars.
#itot #schb #Share
5 days ago
Thiel loaded PayPal (PYPL) and Palantir (PLTR) founder shares into a self-directed Roth IRA, turning $2,000 into $5 billion completely tax-free.
A self-directed Roth, unlike a standard Schwab (SCHW) account, lets you hold private startups, real estate, and LLC interests tax-free.
Triggering IRC Section 4975's prohibited transaction rules collapses your entire Roth into a taxable distribution, plus a 10% penalty if under 59½.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.
If you own a Roth IRA, you own the same tax shelter Peter Thiel used to turn $2,000 into roughly $5 billion. This is the exact same account type, governed by the exact same tax code, sitting in millions of ordinary brokerage logins right now. The buried feature: a Roth IRA can hold far more than index funds. It can hold private startup shares, LLC interests, real estate, and other alternative ******* ets, and every dollar of growth comes out tax-free after age 59½.
#hold #same #self #directed
A self-directed Roth, unlike a standard Schwab (SCHW) account, lets you hold private startups, real estate, and LLC interests tax-free.
Triggering IRC Section 4975's prohibited transaction rules collapses your entire Roth into a taxable distribution, plus a 10% penalty if under 59½.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.
If you own a Roth IRA, you own the same tax shelter Peter Thiel used to turn $2,000 into roughly $5 billion. This is the exact same account type, governed by the exact same tax code, sitting in millions of ordinary brokerage logins right now. The buried feature: a Roth IRA can hold far more than index funds. It can hold private startup shares, LLC interests, real estate, and other alternative ******* ets, and every dollar of growth comes out tax-free after age 59½.
#hold #same #self #directed
6 days ago
Giverny Capital ***** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted JPMorgan Chase & Co. (NYSE:JPM). JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services company that provides financial, commercial, ***** et and wealth management as well as investment banking services. On July 21, 2026, JPMorgan Chase & Co. (NYSE:JPM) closed at $345.23 per share, reflecting a market capitalization of $917.69 billion. JPMorgan Chase & Co. (NYSE:JPM) posted a one-month return of 3.53%, while its shares gained 16.33% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JPMorgan Chase & Co. (NYSE:JPM), Mastercard and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging. JP Morgan has compounded earnings in the low teens over the past decade, with growth accelerating recently, but the stock lags the market this year."
#chase #management
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted JPMorgan Chase & Co. (NYSE:JPM). JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services company that provides financial, commercial, ***** et and wealth management as well as investment banking services. On July 21, 2026, JPMorgan Chase & Co. (NYSE:JPM) closed at $345.23 per share, reflecting a market capitalization of $917.69 billion. JPMorgan Chase & Co. (NYSE:JPM) posted a one-month return of 3.53%, while its shares gained 16.33% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JPMorgan Chase & Co. (NYSE:JPM), Mastercard and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging. JP Morgan has compounded earnings in the low teens over the past decade, with growth accelerating recently, but the stock lags the market this year."
#chase #management
6 days ago
You probably own a lot more of this one high-flying health insurer than you realize, tucked away inside your favorite funds.
Even if you feel diversified, a single stock can quietly become a concentrated position inside the funds you own. UnitedHealth (UNH), a health insurance and services giant, now trades about 25% above its 200-day moving average, a sign of a powerful run-up that has likely pulled your portfolio along with it, whether you chose to buy the stock or not.
A stock running far ahead of its own long-term trend is worth a closer look. Over the past year, the stock has returned +50%, with much of that coming in the last three months, which saw a +31% gain. Investors are paying for that performance. The stock trades at about 22 times its expected earnings for the year ahead, pricing in expectations that profits will continue to grow. The question for a fund investor is how much of this single company's story you now own indirectly.
UnitedHealth is a popular holding, found across 52 of the equity funds in our universe. But the concentration varies widely. The iShares U.S. Healthcare Providers ETF (IHF) holds UNH at about 22% of the fund. That heavy weight helped power its +31% return over the past year. The exposure is common even in broader funds. The State Street Health Care Select Sector SPDR ETF (XLV) holds it at about 6.6% of the fund, and the Vanguard Health Care ETF (VHT) holds it at about 5.6%. Even dividend-focused funds like the Schwab U.S. Dividend Equity ETF (SCHD) have a meaningful position, holding UNH at about 4.4% of the fund.
This concentration cuts both ways. Let's run a simple scenario, not a forecast: if UNH simply reverted to its 200-day average, it would drop about 20% from here. For the heavily concentrated iShares U.S. Healthcare Providers ETF (IHF), that one stock's move would erase about 4.3% from the entire fund's value. For the State Street Health Care Select Sector SPDR ETF (XLV), the drag would be about 1.3%. For the Vanguard Health Care ETF (VHT), it would be about 1.1%.
#year
Even if you feel diversified, a single stock can quietly become a concentrated position inside the funds you own. UnitedHealth (UNH), a health insurance and services giant, now trades about 25% above its 200-day moving average, a sign of a powerful run-up that has likely pulled your portfolio along with it, whether you chose to buy the stock or not.
A stock running far ahead of its own long-term trend is worth a closer look. Over the past year, the stock has returned +50%, with much of that coming in the last three months, which saw a +31% gain. Investors are paying for that performance. The stock trades at about 22 times its expected earnings for the year ahead, pricing in expectations that profits will continue to grow. The question for a fund investor is how much of this single company's story you now own indirectly.
UnitedHealth is a popular holding, found across 52 of the equity funds in our universe. But the concentration varies widely. The iShares U.S. Healthcare Providers ETF (IHF) holds UNH at about 22% of the fund. That heavy weight helped power its +31% return over the past year. The exposure is common even in broader funds. The State Street Health Care Select Sector SPDR ETF (XLV) holds it at about 6.6% of the fund, and the Vanguard Health Care ETF (VHT) holds it at about 5.6%. Even dividend-focused funds like the Schwab U.S. Dividend Equity ETF (SCHD) have a meaningful position, holding UNH at about 4.4% of the fund.
This concentration cuts both ways. Let's run a simple scenario, not a forecast: if UNH simply reverted to its 200-day average, it would drop about 20% from here. For the heavily concentrated iShares U.S. Healthcare Providers ETF (IHF), that one stock's move would erase about 4.3% from the entire fund's value. For the State Street Health Care Select Sector SPDR ETF (XLV), the drag would be about 1.3%. For the Vanguard Health Care ETF (VHT), it would be about 1.1%.
#year
7 days ago
Charles Schwab (SCHW) just posted its biggest quarter ever. Revenue hit a record $7.1 billion, up 21% from a year ago, beating Wall Street forecasts. Adjusted earnings of $1.62 per share also topped the consensus near $1.55.
The broker also opened direct Bitcoin (BTC) and Ethereum (ETH) trading for retail clients. Still, SCHW shares barely moved, trading near $102.91 after the report.
Almost every number came in strong. Net income rose 32% to $2.8 billion. Client ******* ets grew 22% to a record $13.08 trillion.
Clients did the heavy lifting. They placed a record 11.9 million trades a day, up 57% from last year. Margin balances nearly doubled to $165.1 billion, a sign clients are taking bigger swings.
There is one catch. Schwab earned 19% less per trade than a year ago, at $1.64. Sheer volume, not pricing, drove the 28% jump in trading revenue.
#billion #schwab
The broker also opened direct Bitcoin (BTC) and Ethereum (ETH) trading for retail clients. Still, SCHW shares barely moved, trading near $102.91 after the report.
Almost every number came in strong. Net income rose 32% to $2.8 billion. Client ******* ets grew 22% to a record $13.08 trillion.
Clients did the heavy lifting. They placed a record 11.9 million trades a day, up 57% from last year. Margin balances nearly doubled to $165.1 billion, a sign clients are taking bigger swings.
There is one catch. Schwab earned 19% less per trade than a year ago, at $1.64. Sheer volume, not pricing, drove the 28% jump in trading revenue.
#billion #schwab
7 days ago
Charles Schwab’s second-quarter earnings topped Wall Street’s estimates, and its revenue set a record. The financial services giant also increased its revenue guidance for 2026.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth management professional and would like access to the Barron's Advisor experience, please provide the information below.
If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editorsbarrons.com.
#professional #barrons
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth management professional and would like access to the Barron's Advisor experience, please provide the information below.
If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editorsbarrons.com.
#professional #barrons
7 days ago
Giverny Capital **** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#progressive #capital
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#progressive #capital
7 days ago
Giverny Capital ***** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 20, 2026, Mastercard Incorporated (NYSE:MA) closed at $547.44 per share, reflecting a market capitalization of $483.71 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 11.06%, while its shares lost 2.99% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard Incorporated (NYSE:MA) and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Similarly, Wall Street ***** ysts expect Mastercard to compound EPS by 15% over the next few years, roughly the same rate as the past 20 years. The stock was down 10% in the first half of 2026 and has lagged the Index over the past five years."
#incorporated #index #asset
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 20, 2026, Mastercard Incorporated (NYSE:MA) closed at $547.44 per share, reflecting a market capitalization of $483.71 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 11.06%, while its shares lost 2.99% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard Incorporated (NYSE:MA) and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Similarly, Wall Street ***** ysts expect Mastercard to compound EPS by 15% over the next few years, roughly the same rate as the past 20 years. The stock was down 10% in the first half of 2026 and has lagged the Index over the past five years."
#incorporated #index #asset
7 days ago
Giverny Capital ****** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ****** et Management highlighted The Charles Schwab Corporation (NYSE:SCHW). The Charles Schwab Corporation (NYSE:SCHW) is a multinational financial services company that provides wealth management, securities brokerage, banking, ****** et management, custody, and financial advisory services. On July 20, 2026, The Charles Schwab Corporation (NYSE:SCHW) closed at $102.54 per share, reflecting a market capitalization of $178.33 billion. The Charles Schwab Corporation (NYSE:SCHW) posted a one-month return of 10.06%, while its shares gained 7.50% over the past 52 weeks.
Giverny Capital ****** et Management stated the following regarding The Charles Schwab Corporation (NYSE:SCHW) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as The Charles Schwab Corporation (NYSE:SCHW), JP Morgan, Mastercard and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Schwab, for example, earned $4.87 per share in 2025 and the consensus of Wall Street ****** ysts calls for earnings per share, or EPS, of $7.62 in 2027. That would represent a two year growth rate of 56%, or 25% per year. As of June 30th, the shares were down 8% for the year and trading at $92.27, or 12 times the 2027 EPS estimate. The Index trades for more than 20 times the forward estimate. We
In its Q2 2026 investor letter, Giverny Capital ****** et Management highlighted The Charles Schwab Corporation (NYSE:SCHW). The Charles Schwab Corporation (NYSE:SCHW) is a multinational financial services company that provides wealth management, securities brokerage, banking, ****** et management, custody, and financial advisory services. On July 20, 2026, The Charles Schwab Corporation (NYSE:SCHW) closed at $102.54 per share, reflecting a market capitalization of $178.33 billion. The Charles Schwab Corporation (NYSE:SCHW) posted a one-month return of 10.06%, while its shares gained 7.50% over the past 52 weeks.
Giverny Capital ****** et Management stated the following regarding The Charles Schwab Corporation (NYSE:SCHW) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as The Charles Schwab Corporation (NYSE:SCHW), JP Morgan, Mastercard and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Schwab, for example, earned $4.87 per share in 2025 and the consensus of Wall Street ****** ysts calls for earnings per share, or EPS, of $7.62 in 2027. That would represent a two year growth rate of 56%, or 25% per year. As of June 30th, the shares were down 8% for the year and trading at $92.27, or 12 times the 2027 EPS estimate. The Index trades for more than 20 times the forward estimate. We
7 days ago
Charles Schwab (SCHW) said Tuesday that profits soared 32% from a year ago, fueled by record client trading activity during a busy quarter for Wall Street.
Schwab reported net income of $2.8 billion, or $1.62 per share on a adjusted basis. Total net revenue increased 21% to $7.1 billion, driven in part by a 28% rise in trading revenue.
The company's report exceeded **** yst forecasts for profits and revenue.
"During the second quarter, strong client engagement helped drive year-over-year revenue growth," Schwab CEO Rick Wurster said in a earnings release statement.
Sharp price swings, heavy stock rotation, and rising investor balances helped stock trading desks deliver a blowout second quarter. The frenzy extended to Schwab.
#client
Schwab reported net income of $2.8 billion, or $1.62 per share on a adjusted basis. Total net revenue increased 21% to $7.1 billion, driven in part by a 28% rise in trading revenue.
The company's report exceeded **** yst forecasts for profits and revenue.
"During the second quarter, strong client engagement helped drive year-over-year revenue growth," Schwab CEO Rick Wurster said in a earnings release statement.
Sharp price swings, heavy stock rotation, and rising investor balances helped stock trading desks deliver a blowout second quarter. The frenzy extended to Schwab.
#client
8 days ago
Giverny Capital ****** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ****** et Management highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 20, 2026, Mastercard Incorporated (NYSE:MA) closed at $547.44 per share, reflecting a market capitalization of $483.71 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 11.06%, while its shares lost 2.99% over the past 52 weeks.
Giverny Capital ****** et Management stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard Incorporated (NYSE:MA) and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Similarly, Wall Street ****** ysts expect Mastercard to compound EPS by 15% over the next few years, roughly the same rate as the past 20 years. The stock was down 10% in the first half of 2026 and has lagged the Index over the past five years."
#mastercard #incorporated #NYSE #giverny
In its Q2 2026 investor letter, Giverny Capital ****** et Management highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 20, 2026, Mastercard Incorporated (NYSE:MA) closed at $547.44 per share, reflecting a market capitalization of $483.71 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 11.06%, while its shares lost 2.99% over the past 52 weeks.
Giverny Capital ****** et Management stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard Incorporated (NYSE:MA) and Progressive Corp. that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
Similarly, Wall Street ****** ysts expect Mastercard to compound EPS by 15% over the next few years, roughly the same rate as the past 20 years. The stock was down 10% in the first half of 2026 and has lagged the Index over the past five years."
#mastercard #incorporated #NYSE #giverny
8 days ago
Giverny Capital **** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#NYSE #earnings #asset
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#NYSE #earnings #asset
19 days ago
The Schwab Short-Term U.S. Treasury ETF (NYSEMKT:SCHO) provides liquid exposure to government-backed debt, while the Vanguard Short-Term Tax-Exempt Bond ETF (NYSEMKT:VTES) looks better for investors seeking federal tax-free income.
These funds offer conservative exposure to short-term bonds but serve different tax purposes. SCHO focuses on highly liquid U.S. Treasury notes. At the same time, VTES targets investment-grade municipal bonds to provide income generally shielded from federal income tax and the federal alternative minimum tax.
Metric
VTES
SCHO
These funds offer conservative exposure to short-term bonds but serve different tax purposes. SCHO focuses on highly liquid U.S. Treasury notes. At the same time, VTES targets investment-grade municipal bonds to provide income generally shielded from federal income tax and the federal alternative minimum tax.
Metric
VTES
SCHO
19 days ago
After falling apart down the stretch in 2025, plenty of questions surround the Tampa Bay Buccaneers in 2026.
Though the Bucs have plenty of talent on their roster, their 2-7 finish last season has caused many to wonder if they can play up to their talent level.
Frank Schwab of Yahoo! Sports doubts they will, which led him to rank the Bucs 22nd in his ongoing offseason power rankings.
However, at least one person is a big believer in the 2026 Bucs.
Lavonte David, who retired this offseason after playing 14 seasons with the Bucs, believes the team he is leaving behind will be just fine without him.
Though the Bucs have plenty of talent on their roster, their 2-7 finish last season has caused many to wonder if they can play up to their talent level.
Frank Schwab of Yahoo! Sports doubts they will, which led him to rank the Bucs 22nd in his ongoing offseason power rankings.
However, at least one person is a big believer in the 2026 Bucs.
Lavonte David, who retired this offseason after playing 14 seasons with the Bucs, believes the team he is leaving behind will be just fine without him.
20 days ago
A jittery summer stock market probably didn't need renewed Middle East tensions, but here we are. Even if investors manage to brush that off — again — worries over the artificial-intelligence trade are proving more sticky.
Korean gloom has been seeping into Wall Street lately, as fresh Samsung Electronics losses dragged the Kospi KR:180721 into a bear market on Wednesday. This is all in a week in which another hot Korean stock, SK Hynix SKHY, is due to list in the U.S.
Schwab strategists warn of a major market shift: The era of easy index gains is officially over
'I get $1,460 in Social Security': My millionaire ex-husband, 74, refuses to pay alimony. What can I do?
How parents can take advantage of the 'best summer-camp tax break in years'
Korean gloom has been seeping into Wall Street lately, as fresh Samsung Electronics losses dragged the Kospi KR:180721 into a bear market on Wednesday. This is all in a week in which another hot Korean stock, SK Hynix SKHY, is due to list in the U.S.
Schwab strategists warn of a major market shift: The era of easy index gains is officially over
'I get $1,460 in Social Security': My millionaire ex-husband, 74, refuses to pay alimony. What can I do?
How parents can take advantage of the 'best summer-camp tax break in years'
24 days ago
SCHD's 0.06% fee is trivial, but its top 10 holdings eat 40% of ******* ets, doubling exposure you likely already own elsewhere.
DGRW beat SCHD by 38% over the last decade, roughly $3,800 more per $10,000 invested, despite charging higher fees.
SCHD's annual March reconstitution cut Q2 2026 dividends to $0.25 from $0.82 the prior year, proving stable income is a myth.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
You bought Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) because the sticker price looked unbeatable: 6 basis points, a rounding error. But the fee is the cheapest part of this ETF. The expensive part is what you never see on the factsheet: the returns you left on the table, the ten stocks you accidentally over-own, and the tax bill triggered every March.
DGRW beat SCHD by 38% over the last decade, roughly $3,800 more per $10,000 invested, despite charging higher fees.
SCHD's annual March reconstitution cut Q2 2026 dividends to $0.25 from $0.82 the prior year, proving stable income is a myth.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
You bought Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) because the sticker price looked unbeatable: 6 basis points, a rounding error. But the fee is the cheapest part of this ETF. The expensive part is what you never see on the factsheet: the returns you left on the table, the ten stocks you accidentally over-own, and the tax bill triggered every March.
24 days ago
Taylor Swift received heartbreaking news on her wedding day to Travis Kelce, it has been revealed.
The pop singer's favourite teacher, who became her security guard, passed away on 3 July – the same day that she tied the knot with NFL player Travis at Madison Square Garden in New York.
Kirk Schwabe, 69, who passed away from cancer, "treated Taylor like he did his daughters", according to his wife, Jane.
His daughter, Sarah, told the Telegraph: "My dad had a remarkable way of making people feel seen, valued, and protected.
"Whether you were family, one of his students, or someone like Taylor whose path crossed his, he cared deeply about people. That's the legacy he leaves behind."
The pop singer's favourite teacher, who became her security guard, passed away on 3 July – the same day that she tied the knot with NFL player Travis at Madison Square Garden in New York.
Kirk Schwabe, 69, who passed away from cancer, "treated Taylor like he did his daughters", according to his wife, Jane.
His daughter, Sarah, told the Telegraph: "My dad had a remarkable way of making people feel seen, valued, and protected.
"Whether you were family, one of his students, or someone like Taylor whose path crossed his, he cared deeply about people. That's the legacy he leaves behind."
24 days ago
Taylor Swift's favorite teacher died the day of her massive wedding to NFL superstar Travis Kelce. According to new reports, Kirk Schwabe, who taught criminal justice to the pop star in 2004 and later became her personal security guard, died from his battle with metastatic kidney cancer on Friday, July 3. He was 69.
Schwabe's family confirmed that the 69-year-old passed away on Friday—the same day as Swift's wedding to Kelce in New York City, according to The Telegraph.
His wife, Jane, told the outlet that he saw Swift "like he did his daughters," while his daughter said the former high school teacher "had a remarkable way of making people feel seen, valued, and protected."
"Whether you were family, one of his students, or someone like Taylor whose path crossed his, he cared deeply about people. That's the legacy he leaves behind," they added.
Schwabe was a Chicago police officer before he became a criminal justice teacher at Hendersonville High School in Nashville. Years later, Schwabe quit his job to become Swift's personal security guard right around the time her career started taking off.
Schwabe's family confirmed that the 69-year-old passed away on Friday—the same day as Swift's wedding to Kelce in New York City, according to The Telegraph.
His wife, Jane, told the outlet that he saw Swift "like he did his daughters," while his daughter said the former high school teacher "had a remarkable way of making people feel seen, valued, and protected."
"Whether you were family, one of his students, or someone like Taylor whose path crossed his, he cared deeply about people. That's the legacy he leaves behind," they added.
Schwabe was a Chicago police officer before he became a criminal justice teacher at Hendersonville High School in Nashville. Years later, Schwabe quit his job to become Swift's personal security guard right around the time her career started taking off.
25 days ago
When markets are volatile, many investors turn to safer, yet still good, investments. That generally means dividend stocks and exchange-traded funds (ETFs). But there are alternatives. While dividend ETFs are my preferred investment for portfolio diversification and balance, others favor bond ETFs as diversifiers.
When it comes to dividend ETFs versus bond ETFs, which are better investments? Let's take a look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Dividend ETFs invest in stocks that pay dividends, but not all dividend ETFs are the same. Some are made up of stocks with high dividend yields, like the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). This ETF tracks an index of stocks with above-average dividends.
Some dividend ETFs focus more on stability and the consistent payment of dividends, like the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG). This ETF tracks an index made of stocks that consistently grow their dividends, regardless of their yields.
When it comes to dividend ETFs versus bond ETFs, which are better investments? Let's take a look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Dividend ETFs invest in stocks that pay dividends, but not all dividend ETFs are the same. Some are made up of stocks with high dividend yields, like the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). This ETF tracks an index of stocks with above-average dividends.
Some dividend ETFs focus more on stability and the consistent payment of dividends, like the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG). This ETF tracks an index made of stocks that consistently grow their dividends, regardless of their yields.
26 days ago
SCHD and JEPI anchor a four-ETF stack targeting $4,000 a month, combining dividend growth with covered-call income from mega-cap blue chips.
Social Security's 2.8% COLA barely keeps pace with inflation, and projected reserve depletion by 2033 makes outside income non-negotiable for retirees.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
The 2026 Social Security cost-of-living adjustment came in at 2.8%, which barely keeps pace with what you actually spend at the grocery store. If you are counting on that check alone to fund the next 20 or 30 years of your life, you are gambling with the rent. The fix is simpler than it sounds: build a four-ETF income stack that does the heavy lifting your benefits cannot. The funds in question are Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI), JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), and Vanguard High Dividend Yield ETF (NYSEARCA:VYM). Used together, they can realistically generate $4,000 a month for a well-sized portfolio, and each one plays a distinct role.
Stanford economists note that Social Security's reserves are on track to run short, with projections showing the surplus gone by 2033 unless something changes. Even if you delay claiming to age 70 for the roughly 8% annual ******* p, you still need outside income. A $4,000-a-month target equals $48,000 a year in cash distributions on top of whatever Social Security delivers. That is the gap these four ETFs are built to close, with different yields, different risk profiles, and enough overlap to smooth out bad quarters.
Social Security's 2.8% COLA barely keeps pace with inflation, and projected reserve depletion by 2033 makes outside income non-negotiable for retirees.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
The 2026 Social Security cost-of-living adjustment came in at 2.8%, which barely keeps pace with what you actually spend at the grocery store. If you are counting on that check alone to fund the next 20 or 30 years of your life, you are gambling with the rent. The fix is simpler than it sounds: build a four-ETF income stack that does the heavy lifting your benefits cannot. The funds in question are Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI), JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), and Vanguard High Dividend Yield ETF (NYSEARCA:VYM). Used together, they can realistically generate $4,000 a month for a well-sized portfolio, and each one plays a distinct role.
Stanford economists note that Social Security's reserves are on track to run short, with projections showing the surplus gone by 2033 unless something changes. Even if you delay claiming to age 70 for the roughly 8% annual ******* p, you still need outside income. A $4,000-a-month target equals $48,000 a year in cash distributions on top of whatever Social Security delivers. That is the gap these four ETFs are built to close, with different yields, different risk profiles, and enough overlap to smooth out bad quarters.
28 days ago
July 1 (Reuters) - U.S. President Donald Trump secured a more than $50 million loan last year from Charles Schwab Bank, according to his annual disclosure for 2025 with the U.S. Office of Government Ethics.
Trump holds a pledged-asset line, a type of credit line that lets borrowers use their investments collateral to borrow cash, with the lender, but it was not disclosed in his ethics filing for 2024.
The credit line has an interest rate of 3.9%, according to his 2025 disclosure, which was released on Tuesday. The exact size of the loan or the purpose for which it was used was not disclosed.
Trump holds a pledged-asset line, a type of credit line that lets borrowers use their investments collateral to borrow cash, with the lender, but it was not disclosed in his ethics filing for 2024.
The credit line has an interest rate of 3.9%, according to his 2025 disclosure, which was released on Tuesday. The exact size of the loan or the purpose for which it was used was not disclosed.
1 month ago
Space Exploration Technologies (NASDAQ: SPCX) raised $85.7 billion in its initial public offering (IPO), the largest in history. Investors were agog in the run-up as ******* eX priced its IPO at $135 per share, and then began trading on June 12 at $150, closing its first day at $160.95. The stock closed June 25 at $153.
It's been a bit of a roller coaster, but this IPO was the kind of rare corporate event that could turn passive brokerage-app users back into customers who added money to their accounts and maybe started to trade, and there's an interesting story here for Robinhood Markets (NASDAQ: HOOD).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Before the IPO, retail investors had access to ******* eX shares via five channels: Fidelity Investments, E*TRADE from Morgan Stanley, Charles Schwab, SoFi Technologies, and Robinhood.
The unusually high retail access gave investors a reason to act. Robinhood users had to request shares through an eligible account, giving even small-allocation investors a reason to fund accounts and keep checking the app. Robinhood also had a positioning advantage. Customers could invest in the ******* eX IPO through Robinhood with no minimum account size, reinforcing its pitch of not limiting major IPO access to larger investors.
It's been a bit of a roller coaster, but this IPO was the kind of rare corporate event that could turn passive brokerage-app users back into customers who added money to their accounts and maybe started to trade, and there's an interesting story here for Robinhood Markets (NASDAQ: HOOD).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Before the IPO, retail investors had access to ******* eX shares via five channels: Fidelity Investments, E*TRADE from Morgan Stanley, Charles Schwab, SoFi Technologies, and Robinhood.
The unusually high retail access gave investors a reason to act. Robinhood users had to request shares through an eligible account, giving even small-allocation investors a reason to fund accounts and keep checking the app. Robinhood also had a positioning advantage. Customers could invest in the ******* eX IPO through Robinhood with no minimum account size, reinforcing its pitch of not limiting major IPO access to larger investors.
1 month ago
The ETF industry is only gaining momentum, with over 5,400 ETFs trading and $1 trillion in flows notched at nearly the halfway point of 2026. Tune into the conversation with this week's Zoo crew that covers thematic and leveraged ETF flows, ****** eX ETF controversies, and more. Host Dave Nadig, President & Director of Research at ETF.com is joined this week by freelancer Lara Crigger; Mike Akins, founding partner of ETF Action; and Todd Sohn, Senior ETF & Technical Strategist at Strategas Securities.
ETF Flows Hit Historic Milestone The ETF industry crossed $1 trillion in net inflows before the halfway point of the year, a pace that stunned even the most seasoned veterans on this week's ETF Zoo. While eye-catching money has flooded into leveraged, inverse, and options-income products, the bulk of ****** ets continue flowing into low-cost, broad-market index funds. Vanguard has claimed the top spot in the ETF league table for the first time, while firms like Schwab, Fidelity, and a new wave of active managers are reshaping the competitive landscape below them.
The ****** eX ETF Controversy Raises Red Flags Defiance quietly amended the prospectus for its fund SPCL just two days before the ****** eX IPO, pivoting the fund's entire investment strategy from a broad ****** e-themed basket to a single-stock focus — without any obligation to notify shareholders. The fund traded for roughly two hours before being halted, pulling in strong inflows during that window as retail investors scrambled to find a way to access ****** eX stock on its first day of trading.
Thematic ETFs Are Promising More Than They Deliver The thematic ETF ****** e is approaching 400 funds and $300 billion in ****** ets, yet over 60% of those funds carry a Sharpe ratio below 1.0, meaning most are delivering poor risk-adjusted returns. The category is further muddied by inconsistent construction, with funds sharing the same "AI" or technology label holding wildly different underlying stocks, leaving advisors and investors struggling to compare or deploy them effectively.
AI and Structural Shifts Are Accelerating an Already Crowded Market Issuers are increasingly turning to AI to draft ETF prospectuses, slashing filing costs by as much as 80% and raising real questions about the depth of review going into each new product. With 5,400 ETFs already on the market and filings accelerating, the Zoo crew warned that market makers may eventually struggle to provide adequate liquidity across such a sprawling product landscape. Broader structural questions around share class conversions, leveraged product proliferation, and the limits of the ETF wrapper itself are all converging at once, suggesting the industry's next chapter may be defined as much by growing pains as by growth.
ETF Flows Hit Historic Milestone The ETF industry crossed $1 trillion in net inflows before the halfway point of the year, a pace that stunned even the most seasoned veterans on this week's ETF Zoo. While eye-catching money has flooded into leveraged, inverse, and options-income products, the bulk of ****** ets continue flowing into low-cost, broad-market index funds. Vanguard has claimed the top spot in the ETF league table for the first time, while firms like Schwab, Fidelity, and a new wave of active managers are reshaping the competitive landscape below them.
The ****** eX ETF Controversy Raises Red Flags Defiance quietly amended the prospectus for its fund SPCL just two days before the ****** eX IPO, pivoting the fund's entire investment strategy from a broad ****** e-themed basket to a single-stock focus — without any obligation to notify shareholders. The fund traded for roughly two hours before being halted, pulling in strong inflows during that window as retail investors scrambled to find a way to access ****** eX stock on its first day of trading.
Thematic ETFs Are Promising More Than They Deliver The thematic ETF ****** e is approaching 400 funds and $300 billion in ****** ets, yet over 60% of those funds carry a Sharpe ratio below 1.0, meaning most are delivering poor risk-adjusted returns. The category is further muddied by inconsistent construction, with funds sharing the same "AI" or technology label holding wildly different underlying stocks, leaving advisors and investors struggling to compare or deploy them effectively.
AI and Structural Shifts Are Accelerating an Already Crowded Market Issuers are increasingly turning to AI to draft ETF prospectuses, slashing filing costs by as much as 80% and raising real questions about the depth of review going into each new product. With 5,400 ETFs already on the market and filings accelerating, the Zoo crew warned that market makers may eventually struggle to provide adequate liquidity across such a sprawling product landscape. Broader structural questions around share class conversions, leveraged product proliferation, and the limits of the ETF wrapper itself are all converging at once, suggesting the industry's next chapter may be defined as much by growing pains as by growth.
1 month ago
I primarily invest in individual stocks. However, I have a small and growing portion of my portfolio in exchange-traded funds (ETFs). I find them to be very complementary to my investment strategy, which is to generate growing streams of passive income. My goal is to eventually generate enough passive income to cover my basic living expenses and become financially independent.
While Vanguard offers several income-focused funds, my favorite ETF is from another fund sponsor. Here's why I prefer the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) to Vanguard's dividend ETFs.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The Schwab U.S. Dividend Equity ETF has a straightforward investment strategy. It aims to track the Dow Jones U.S. Dividend 100 Index, which measures the performance of high-yielding U.S. dividend stocks with a consistent dividend record. It screens companies based on several dividend quality characteristics, including current yield, five-year dividend growth rate, and financial strength.
The fund holds about 100 high-quality, high-yielding dividend stocks. It has a roughly 3.3% current yield based on its dividend distributions over the last 12 months, which is about three times the S&P 500's yield. SCHD's holdings have increased their dividend by more than 9% annualized over the last five years. That dividend growth provides investors with a steadily rising income stream:
While Vanguard offers several income-focused funds, my favorite ETF is from another fund sponsor. Here's why I prefer the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) to Vanguard's dividend ETFs.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The Schwab U.S. Dividend Equity ETF has a straightforward investment strategy. It aims to track the Dow Jones U.S. Dividend 100 Index, which measures the performance of high-yielding U.S. dividend stocks with a consistent dividend record. It screens companies based on several dividend quality characteristics, including current yield, five-year dividend growth rate, and financial strength.
The fund holds about 100 high-quality, high-yielding dividend stocks. It has a roughly 3.3% current yield based on its dividend distributions over the last 12 months, which is about three times the S&P 500's yield. SCHD's holdings have increased their dividend by more than 9% annualized over the last five years. That dividend growth provides investors with a steadily rising income stream:
1 month ago
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has raised its annual dividend every year since its 2011 inception. That's 14 consecutive years of dividend growth, a feat that few dividend ETFs can match.
The other stats behind that streak are equally impressive:
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
10.4% annual dividend growth rate over the past decade
3.3% dividend yield
The other stats behind that streak are equally impressive:
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
10.4% annual dividend growth rate over the past decade
3.3% dividend yield
1 month ago
The Charles Schwab Corporation (NYSE:SCHW) is one of the 12 High Quality Stocks to Buy for the Long Term.
On June 12, 2026, The Charles Schwab Corporation (NYSE:SCHW) reported that core net new ***** ets increased 43% versus May 2025 to $49.9B, a record for the month of May. Total client ***** ets reached $13.14T at month-end May, up 27% from May 2025 and up 4% from April 2026. New brokerage accounts totaled 461,000 during the month, up 37% year-over-year, while client margin loan balances rose 38% from year-end to $154.6B, including $37.4B related to long/short strategies. Daily average trades reached a record 11.8M.
On June 10, 2026, Charles Schwab Foundation announced a $2.85M multi-year expansion of its partnership with SIFMA Foundation to broaden access to investing education for students nationwide. Chris Wyse, Chief Corporate Affairs Officer and Chair of the Board of Charles Schwab Foundation, said the partnership is aimed at helping students distinguish between speculation and investing and build financial decision-making skills.
Earlier in June, The Charles Schwab Corporation (NYSE:SCHW) announced enhancements across Schwab.com, Schwab Mobile, and the thinkorswim platform suite. Updates included 24/7 cryptocurrency futures trading on thinkorswim, expected price range information for marginable securities on Schwab.com, expanded fundamentals data on the Positions page, mobile dividend reinvestment settings, and additional order status quote views.
The Charles Schwab Corporation (NYSE:SCHW) provides wealth management, securities brokerage, banking, ***** et management, custody, and financial advisory services in the United States and internationally.
On June 12, 2026, The Charles Schwab Corporation (NYSE:SCHW) reported that core net new ***** ets increased 43% versus May 2025 to $49.9B, a record for the month of May. Total client ***** ets reached $13.14T at month-end May, up 27% from May 2025 and up 4% from April 2026. New brokerage accounts totaled 461,000 during the month, up 37% year-over-year, while client margin loan balances rose 38% from year-end to $154.6B, including $37.4B related to long/short strategies. Daily average trades reached a record 11.8M.
On June 10, 2026, Charles Schwab Foundation announced a $2.85M multi-year expansion of its partnership with SIFMA Foundation to broaden access to investing education for students nationwide. Chris Wyse, Chief Corporate Affairs Officer and Chair of the Board of Charles Schwab Foundation, said the partnership is aimed at helping students distinguish between speculation and investing and build financial decision-making skills.
Earlier in June, The Charles Schwab Corporation (NYSE:SCHW) announced enhancements across Schwab.com, Schwab Mobile, and the thinkorswim platform suite. Updates included 24/7 cryptocurrency futures trading on thinkorswim, expected price range information for marginable securities on Schwab.com, expanded fundamentals data on the Positions page, mobile dividend reinvestment settings, and additional order status quote views.
The Charles Schwab Corporation (NYSE:SCHW) provides wealth management, securities brokerage, banking, ***** et management, custody, and financial advisory services in the United States and internationally.
