I know dividend can be of big help, they are like end game plans and another plus side is dividend is usually a sign of stable and steady growth.
Only last year I started building some dividend stock in my portfolio. But is it possible build a portfolio that allows one to live completely off on the dividend alone.
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It's not possible when you are starting. But let's say 20 years down the line when you have a sizable portolfio then some part of the expenses will be covered by the dividend alone.
For example, if you have 1 Crore in a 7% paying dividend stocks. Then you will get Rs 60K per month. And that's an expense for a lot if people.