Saw another post about this. I thought I'd law out my case. For context, I am 31.
- The stocks I like happen give an attractive return, mostly by way of the dividend.
- If the return is attractive, even after effects of taxation, I'm not really that bothers me.
- Paying a dividend is often a sign that the company is financially healthy. This is why it's a taxable event; there's actual cash flow.
- It means I can have a passive income to meet my liquidity needs.
- Doing all that means I can be freer to make changes in life (more control of my career).
It's really that simple. As my passive income grows, it makes more sense to get into stocks whose return is primarily through capital appreciation and then sell those opportunistically while I hold most of my portfolio. Still, here's the main attractions of dividends:
Submitted July 30, 2023 at 09:07AM by Joe-Parrish https://ift.tt/1hpqlY9
