Dear Mr Cynical Investor
I thought I would add my two bits worth after reading your piece on “New thinking on Asian Stocks”. If you think that dividend yields of 2.8% for Asian markets is exciting may I tickle you with dividend yields of 6% plus for Australian banks (the major 4 being among the world’s top ten triple A rated banks) and as much as 9% for the nation’s Telecom company, Telstra. With 100% franking (tax credits), FY10 gross yield jumps up to 8-9% for the banks and 13% for Telstra. Using the simple Rule of 72, an investment in Telstra (ceteris paribus of cos) at the gross yield of 13% would double your money in 5 1/2 years.
No wonder the A$ is so strong
From someone who thinks Albert Einstein, Jesus Christ, Ussan Bolt are not a patch on her son — but at least the boy got letter from Kevin Rudd contragulating him that among he the top 1% A-level students.