> presumes an investor who never needs to spend the dividends or interest received. No real investor, individual or institution, has that luxury.
I don't understand this. It's like saying: I don't have the luxury to sell off some of my growth stock. It makes no sense, you sell when you need money, and you re-invest the dividends unless you need money, same thing.
I don't understand this. It's like saying: I don't have the luxury to sell off some of my growth stock. It makes no sense, you sell when you need money, and you re-invest the dividends unless you need money, same thing.