I often coach people about their reason for investing, in terms of income or capital.
Even those clients who don’t particularly need an income (because they have well-paying jobs) my advice remains consistent:
Invest for yield and the capital growth will take care of itself
Investing for capital growth is a risky and unpredictable business. You can’t know (no-one does) when growth will come, nor how much it will actually relate to at any given moment in time.
•If you invest at the expense of income, then you’re leaving yourself open to the unpredictability of the market.
•If you invest for income, and the growth comes in much slower than anticipated, then your income will save you
Think about your reason for why you are investing, and plan accordingly.