What is the drawback to buying nothing but dividend stock?

I guess the drawback is that you are excluding most growth stocks since those usually don’t pay a dividend.

Hey Niner. Any Growth Div stocks you would recommend? I'm 99% sure i already own it. I have like 30 Div stocks
Have them setup to where get paid Divs every month:
For example:
Jan: FDX, STLD,WPC,JPM,AMT
Feb: ABBV,GD,WMT,DE
MAR:CI,JNJ,DUK,LMT

I have a Div Portfolio and a growth portfolio. DIV portfolio has been a lot more stable this year than the Growth. Most of my div stocks are in my Roth compared to my normal brokerage account which holds most of my Growth and non paying div stocks. Just wanted to get a pros opinion and see if there's a Div stock i may need to add.

Dividends offer more consistency. Growth offers more... growth. Equity growth is better long term to build wealth. Focusing on dividends can have its place if you've already built the necessary wealth and are now simply treating the corpus as an income producer. It's easier to budget around expected dividends than it is expected growth, and limiting yourself to the former makes it less likely that you take massive bites out of the corpus in down years.

As always, it's simply a matter of being self aware enough to understand what your priorities are.

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oil and gas tends to give you solid dividends. Look into OKE if you haven't already.

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For Oil and gas exposure i own: CVX, XLE,DVN and Hesm.
DVN just had a nice Div increase.

Also, dividends constrain my drawdown strategies now that I am in early retirement (45). If I had concentrated my taxable investments in dividend stocks I would be more limited in my tax optimization strategies. As it sits I have pension income and a small amount of dividends from index funds. This will allow room to keep income below the zero long term capital gains rate and drawdown stocks from taxable with no tax on gains. I will live off of pension + original basis of stocks from taxable + capital gain (taxed at zero). If I had too much dividend income, I'd be paying tax on the capital gains too. At this point, the dividends only complicate my tax/drawdown strategy.

While qualified dividends and LTCG are taxed the same, with the LTCG from selling shares I can enjoy the basis and LTCG with no taxes.
For example, if I sell $150k of shares that doubled over time, $75k is basis. I only pay tax on the gain (at zero %) but net the full $150. Add the pension and I can be living very well with no tax on investments. If I had $75k in dividend income instead, I would have to sell shares to access the other $75k and get hit with tax on any gains above the zero LTCG threshold.

I havent started the drawdown yet since I had income until retiring very recently and wont have any room in the zero LTCG bracket this year. Next year, I'll see.how it works out in real world. Please, if there's a flaw in my logic point it out.

I own a lot of dividend stocks too. Probably 25 or so with a few growth and speculative plays mixed in.

I did nothing but high dividend stocks for years. probably missed out on some bigger gains but I had a really steady stream that I reinvested

Share price alone should be irrelevant especially with modern ability to buy fractional shares. You need to look at price as it relates to other measures such as earnings (P/E.)

Drawing dividends are equivalent to "chipping away at my investment account" by selling shares. Capital stays in the company driving growth if no dividend is paid. The investor chooses when to draw rather than being forced to take dividend $ with potential tax consequences at inopportune times even if immediately reinvested.

I'd have been paying 15% tax on dividends for 20 or so years if I had concentrated my taxable investments on dividends early on. Instead, I got decades of growth without taxes and now in retirement can draw down without taxes. It's almost like my taxable account is a Roth IRA but better because I have full access and can even borrow against it.