simoan wrote:
I am not aware of any successful investor who got rich through only investing in high yield equities.
But that's because your self-imposing a 'rich' stipulation in the above 'successful investor' statement Si, and imposing it onto a group of income-investors who, in the main, don't see it as a primary driver to deliver their own definition of the word 'successful' in relation to their particular investment-strategy...
Surely you can see that by doing so, you'll never lose your argument because you're setting your own strict terms, and they are sometimes ones that other investors don't necessarily need to cover-off with regards to their own strategies before they are happy to use the word 'successful' against their own approach...
Your metric above would be like someone coming up to me at work and telling me that I've had an 'unsuccessful career' because there are two rungs above me on the managerial ladder that I never attained, which would clearly be nonsense in terms of me not being able to think of the career that I did have as being 'successful', and I think taking a comparative approach like that, on such terms, is the unfortunate basis of much of the hot-air around this particular debate...
Cheers,
Itsallaguess