Ben Felix over at Rational Reminder podcast spends some time in a recent episode explaining why dividends are less relevant whether we are pursuing wealth accumulation or financial independence income spending. There are probably a fair bit of investors here who consider themselves dividend investors. My sensing is… despite what the research shows, there is a certain flawed bias that cannot be easily changed. But I think it is good to consider what was discussed. As a former dividend investor, hearing what was discussed in chat groups, and what prospects and clients asked, most of what was presented by Ben is on point. The discussion starts near 42 min. Here are the main points brought up. Dividend Yield is Not a Unique Factor Control studies of historical returns data across different markets, and asset classes show that certain factors explain the expected returns that you...