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NovemberWhiskey
3y ago
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Why would you exclude part of the total return on an investment? It'd be like ignoring the principal value of a bond because you expect to live on the coupon. Cashflows are cashflows.
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dot1x
3y ago
Because you'd be selling it as you earn it to be able to live on on retirement. In fact, dividends wouldn't even be enough.
ikiris
3y ago
but they still exist and can be a large fraction of the value...
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