u/That-Requirement-233

I fully expect this to blow up in my face now that I've done it. Most of my cost basis for SCHD is between 29.50 and 30.50. I do expect it to return to this level or lower in the upcoming stock market reckoning, but when I saw it at 31.51 this morning I just burned about 30% of my dry powder on more shares. The next ex dividend date won't be for some time so I had some wiggle room. And I think the P/E for SCHD holdings are already a little elevated. But trying to assess the direction of the market has been exhausting lately.

My portfolio is at 30% VTI 40% SCHD 25% money market and 5% PHYS. I feel like these valuations are crazy (even SCHD has an elevated average P/E right now) and while MM is paying 3.7% I'm willing to hold this level of cash. Now the responsible thing to do in a correction is probably buy VTI. But I'm really not a fan of the NAV getting diluted by the stupid expensive upcoming SpaceX/OpenAI/Anthropic IPOs. Thinking about just buying SCHD in a broad market correction instead of VTI but wanted to hear some more opinions.