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Benjamin Felix
@benjaminwfelix
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Helping Canadians make better financial decisions. Chief Investment Officer, Portfolio Manager @PWLCapital; co-host @RationalRemind. Meet with PWL ⬇️
Canada
Joined March 2013
@drewbreyer Not just to zero, but within 10 years. I would not personally make the prediction. Fama is a lot smarter than me though.
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@bhagwad Agree with all of this. Firms tbat grow their assets aggressively have lower stock returns, suggesting that returning capital to shareholders is important. That doesn’t make dividends special though.
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@82from53 Nothing wrong with that if it's a priority, but you are trading off diversification and tax efficiency (unless it's a non-taxable account).
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@RunEricRun You get the exact same pre-tax outcome whether dividends are reinvested or not paid at all. Taxes drive a wedge between those two scenarios, making dividends a little worse.
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