I agree, it is certainly about scale and i lack the scale to make dividend stocks worthwhile. Your portfolio is no doubt bigger than mine and you have a family so you have different priorities as far as investments. For sheer % gains, which is what I chase, dividend stocks are not where it's at when it comes to flipping. Which is why I told you that you have it backwards. Housewives and old people want safe and reliable... not high risk/reward. Dividend stocks are awesome for safe and reliable wealth accumulation over years and years. They are great for people with huge war chests(not me), as you can just sit back and watch your money make money. Flipping blue chips that mostly trade sideways for <1% gains is for people with 7 figure portfolios, not me.
My war chest is tiny ($20k) so sticking it all in dividend stocks is worthless for my goals. If I put all 20K into ATT, which is the highest paying dividend stock on the DJIA with a 5% yield, I would make a measly $1,000 in a year. Booooooooring!
I tend to mess around in pretty risky holdings such as TSLA before the big breakout - over half the float was short when I bought and I gambled on a short squeeze after earnings - it worked! I had a 60% return on TSLA in two weeks. Take you average blue chip dividend and it would take roughly 25 years to earn the same % return I made. Sure, there are some risky dividend holdings like REITs and whatnot but even those are 8-12% yield.
My two biggest wins this so year were TSLA +60%, and FNMA +45% and those both easily cover my few misses. Losing is part of winning.
We can compare years % gains in december