Wow 4 -3 X your money in 25+ years that's a loss if you compare it to buying CSL or Woolworths.. much better and would've given you a better return that the banks.. opportunity cost needs to be looked at.
Its been proven over and over, dividend stocks don't get you anywhere, growth is a winner.
If you invested $20K when CSL floated and invested $20K in the banks... the difference would be laughable, but you were getting a higher dividend from the banks years ago.. see where the dividend theory fails.. your dividend with CSL yield would be 100%+..
You need a growing dividend with a growing business. Unfortunately banks don't satisfy that.
NAB Price at posting:
$26.64 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)