“You’ve got to have money to make money,” or so the saying goes. Maybe that’s one reason loading up on dividend-yielding stocks is so appealing to so many investors. There’s just one problem: Dividend stock investments don’t really work the way most people think they do.

Bulking up on dividend-paying stocks may seem like a handy way to generate cash flow, but it’s more like a mental accounting trick than an actual source of “extra money.” Plus, it gets in the way of several equally important investment goals, such as tax efficiency, global diversification, and earning risk-adjusted market returns.

Fortunately, a shift in focus to total return investing incorporates all of these goals at once, and fits right into Common Sense Investing. Find out more by watching today’s video, and to keep my stream of videos flowing, subscribe here.