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by JoeAltmaier 3887 days ago
Yet the stock market goes up 15% every year (on average) for the last century. Where does that come from? The 'zero-sum game' fiction is ridiculous urban legend. The price depends upon a market, and I sell to a different agent than I bought from, at a different price - the transaction is nothing like 'zero sum'.

Most stocks don't issue a dividend - yet they have solid, stable prices. Folks use a variety of valuation techniques, but mainly the present value of expected future value. Which means what you think you could sell it for in a year.

Have a nice time with those dividends - but my retirement stock portfolio is worth something when I sell it for income when I'm retired. The dividends are a tiny part of that.