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)RegardsJerryCornelius (formerly known as PWillis)
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