Sorry I understand this question has likely been asked before or a version of it has been asked but I'm trying to understand why people choose to do a mixed of growth and dividend and not just going into one over the other? Everywhere I see says to tailor it to your situation but I'm just curious if its already been solved with tools if a full growth, full dividend, or mix (and what % of each) would outperform if you didn't touch it and reinvested dividends. For example SCHD or VOO for 40 years putting in 1k a month which comes out higher? Or is there a tipping point where lets say putting in 5k a month would make SCHD largely outperform VOO in the long term?
I'm just trying to understand more, I also hear about people saying to invest fully into growth and then sell and switch everything to dividends as you near retirement but wouldn't that switch be taxed and ultimately lose you more than its worth and that's if it even is the better strategy to begin with. Any help answering my random questions would be very appreciated thank you!