Investors who take a total-return perspective:

Investors who take a total-return perspective view their investments in a comprehensive manner, considering both income received from dividends and interest as well as capital gains achieved from the appreciation of their investments. By adopting this view, they understand that both components contribute to the overall performance of their portfolio. This holistic approach allows investors to assess their returns without being overly focused on the source, be it income or capital gains.

This perspective is rooted in the understanding that the ultimate goal of investing is to maximize the total growth of wealth rather than prioritizing one form of return over another. As a result, these investors may be more flexible in their investment strategies, adjusting their asset allocations based on market conditions and their financial goals while still aiming for an optimal total return.