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Don't know why you can't restrict search to Aus board.
Some people on this site got quite indepth with their calculations trying to come up with a good system for an Oz foolish 4. Back about post 300 I think.
The problem is that the Dow doesn't really have a counterpart in Oz.The stocks in the Dow hardly ever change. The Dow is 30? very very large stocks on the NYSE with different sectors represented,ie transport,oil,technology etc. The closest thing on the Oz market is probably 20 or 50 leaders, but it is not quite the same. The Dow stays the same but the Oz 20 & 50 can be different every week depending on market cap/share price fluctuations.
Therefore the very circumstances which signal a buy with the Dow foolish 4, make a share drop off the radar with an Oz foolish 4 (unless you just pick 30 Oz stocks and stick with them no matter what).
Another problem was that different sectors of the Oz market tradionally have different yield levels. This means that any Oz foolish 4 will be skewed to high yielding sectors - ie banks, listed property trusts, chemicals.
Really it appears any Oz foolish 4 is pretty hard to work out which also goes against the grain of the foolish 4 approach ie 15 minutes work a year on your portfolio. But this does not mean it is not a worthwhile pursuit, depends on the gain.
It is cost efficient to purchase shares in America, the tax differences and the exchange rate are much more relevant than the actual transaction costs. I have seen some brokers in the states advertise US$8 trades, actually I probably saw these ads on this site.
Probably the best place to research an Oz "Dogs" is in "Personal Investor" magazine/website "Dogs downunder"
Don't know the exact criteria but it is based along the same lines.
Happy learning and happy investing and remember Einstein said "Compounding interest is the 8th wonder of the world".
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