Bear with me as I try to explain this, let's say we take SCHD as an example, is there any benefit to buying it as an ETF, as opposed to buying its exact composition in stocks, in the exact weighting they're represented in the ETF? Instead of buying say 50k shares of SCHD, I could just go through the entire list of the 102 companies, and buy the individual stocks. Then every year adjust the holdings to mirror SCHD. Is there any downside to doing that, aside from hassle? Any tax ramifications? You save a marginal amount on fees (about $600 per every million invested), but I see this being a little bit more secure as you're not tied to Schwab? Any thoughts?
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