After searching reddit and many other forums online I still can't get a clear answer about dividend vs growth.
For example, I have a friend who got a pay out of 200k recently.....he wants to invest it to get the best growth possible and he hopes to retire in 13 to 15 yrs since he is 53.
I have been looking to help him find the best strategy and one main thing that keeps popping up is the same advice of put it all into "VOO and forget it"....but then I read other comments that say you can invest in dividend funds that would pay a nice dividend for that amount and if you DRIP it all back in then you would have large growth that would do better then the VOO in the long term.
So can anyone please give any suggestions as to what is better?
Thank you