The utility value of stocks for me is the dividend revenue. Hoping to build that up so it can pay my expenses for the life I want to live, which will include buying Bitcoin with any excess capital I have on hand. Having an income stream is as important as having an nest egg.
Discussion
Hmm... I see it a bit differently. Dividend versus growth in an equity is more of a strategic/market issue and is very dependent on management decisions of the company. It’s not an inherent property of the asset. Whatever dividend they pay today may be changed tomorrow. Could go up or down. Just as the equity value of the asset could go up or down because the company is more/less successful in the market. The utility in my mind is the product/service the company delivers to the market.
I’d argue dividends are mostly a tax inefficient way to generate income compare to owning assets that grow that you can sell off small fractions of to generate the income you seek.
I don’t think mine is a popular view, but I keep looking and keep seeing it that way. 🤷♂️