Howdy! At the beginning of my investing career, so small mistakes are expected here and there. The situation:
I bought SCHD since I heard it was a good dividend option; the problem is, I didn't buy it in a tax-advantaged account (like a 401K or Roth IRA) and instead bought it in a regular brokerage account.
Not the end of the world since it only has about $1K USD dedicated to it, but I heard essentially you just end up paying a lot of taxes on it. I also heard that you really want to try to hold on to stocks for at least a year to avoid higher tax rates, but would it be fine to sell off + tank the short-term cost + reinvest in a better stock of my choice?
Appreciate your thoughts!