Subject: Re: Dividends
You think one's periodic stock sales over the next few decades can be at an average valuation level that is materially different from the average valuation the underlying portfolio sees over that time frame? Why so?

Unless one *plans* to sell in some future panic for some reason, they are almost by definition going to be the same within rounding error, no?

For those withdrawing around the "safe" rate of 4% every year, I believe the order of portfolio valuation matters, not the average.

https://earlyretirementnow.com...

https://earlyretirementnow.com...

https://earlyretirementnow.com...

Doesn't matter much if withdrawing below 3.25%.