I just retired and having earned my MBA from Averett, I decided that I can manage my own investments.

My wife says, $$Okay$,$ but explain what you are going to do with stock investments. Since you are $12$ years my senior and I may have to manage these investments or hire someone and I don$$t want to get cheated.$$

I answer, $$Okay$,$ you can either be a dividend investor and get paid by periodic cash dividends or a growth type investor who could get paid through capital appreciation and buy backs.$$

My wife asks, $$So would I rather get a dividend or capital appreciation? Please explain.$$