This week we break down SCHD massive March 23 reconstitution — energy dropping from 20% to 12%, financials surging to 15%. Plus: how to screen BDCs down to 7 survivors in a falling-rate world, why dividend growth math crushes high-yield traps 3x by year 20, the Dividend Kings yielding 4%+, cleaning up your retirement junk drawer, and why LyondellBasell rallied 54% AFTER cutting its dividend.

Topics covered:

• SCHD 2026 Reconstitution — energy to financials rotation
• RSP vs VOO — equal-weight crushing cap-weight in 2026
• BDC Deep Dive — falling rates + software lending risk
• Dividend Growth vs High Yield — the 20-year math
• 15 Years of Dividend Investing Lessons
• FLO (Flowers Foods) Yield Trap Warning
• Amplify ETFs — DIVO/IDVO/QDVO covered call strategy
• LyondellBasell — up 54% after dividend cut
• Dividend Kings — FRT, KMB, SWK at 4%+
• Retirement Portfolio Cleanup Framework