This is the way I see it. And note, I'm still an amateur investor, so I have a dozen or so years to figure out my strategy.
If I go for growth stocks, and have to sell shares to survive I'm in danger of two things. 1) the taxman will nail me, and 2) If there's a crash I would end up selling my capital at a low value.
I plan to live on dividends. 1) The taxman won't tax them any more than the withholding tax, and 2) If there's a crash dividend amounts shouldn't drop (or do they?), and I won't need to sell any capital.
If I get growth great, but I won't need to rely on it. Horses for courses no?
Happy to take advice from people who know more than me, ie all but our friend Julius