Wanganeen said: "In saying this I would like to add that I do not like mechanical styles of investing. I think it is wise to spend a little time on research. "

Wise counsel indeed.

I have been thinking about this foolish four idea for a while now. Last December I used the approach to pick 4 or 5 stocks out of the 50 Leaders using the high-yield, low (dollar) price approach. 11 months later, here are the results:

Burns Philp (-57%)
Aust Cons Investments (-21%)
Brierly Investments (-61%)
Aust Property Fund (-9%)
Gandel Property Trust (+11%)
------------------------------
Average performance -27%

One of the key problems with using the Dow Dividend Approach in Australia (in addition to the ones already mentioned):
The high yield stocks are typically banks, property trusts and investment companies.

Has anyone had any success in applying the DDA to Australian stocks? (Fortunately my dabble was a theoretical one)

Regards
JerryCornelius (formerly known as PWillis)