I always Warned Community against Div Stocks (Patreon)

and yes I know it is controversial

but again here are the top 4 reasons why I believe dividend stocks are a bad investment

• Market timing: Dividend ETFs were not able to provide shelter during the bear markets last year, as investors had hoped. Instead, they lagged behind the tech-obsessed market, with the largest dividend ETFs underperforming the market by a significant margin.
• Exposure to underperforming companies: Dividend ETFs often have a large exposure to utilities and financial stocks, which tend to underperform in a rising interest rate environment. This was the case in 2023, as yields shot higher and these sectors were left behind.
• Value bias: Dividend strategies generally have a "value bias," meaning they tend to invest in companies that are considered to be undervalued. However, 2023 was a "growth market," with growth stocks significantly outperforming value stocks.
• Risk of missing out on growth: By focusing on dividend stocks, investors may miss out on the potential for higher returns from growth stocks. This is especially true in a growth market environment.