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by Bostonian 2086 days ago
When government bond yields are below 1% from maturities from 0 to 10 years, there is no safe 4-5% return.

The price/earnings ratio (or its inverse, the earnings yield), is a better measure of stock valuation than the dividend yield. In a taxable account it is better to get capital gains because of stock buybacks than to get dividends.

1 comments

> In a taxable account it is better to get capital gains because of stock buybacks than to get dividends.

This ends up being a lot of money on a 5M investment, good call out.