The Dangerous Illusion of ‘Free Money’ as An Investor
<p>The rational investor cares about one thing; total investment returns.</p>
<p><strong><em>Total returns for stock market investors = capital gains + dividends — investment fees & taxes</em></strong></p>
<p>All that matters is, what is my account balance? If you have a $100,000 portfolio, the $100,000 is all we should care about. We shouldn’t care whether that $100,000 came from dividends or capital gains (increase in share prices).</p>
<p>Except we do care. We care a lot.</p>
<p><a href="https://medium.com/swlh/the-dangerous-illusion-of-free-money-as-an-investor-bef561e49efa"><strong>Read More</strong></a></p>