Barrelnut I'm not keen on buying for dividend. I recently bought WOW and ANZ. WOW fortunately worked out but I had to wait a month for the SP to return back to pre ex div date, got brokerage back, phew! BUT, I could've made far more by buying it ex divi date and trading the bull dust back and forth or buying at low and sitting for one week. Well, ANZ, we don't talk about that one. Got divi but the sell off ex divi was similar to WOW but then was exacerbated due to banks being down graded coupled with the usual Market bull dust. Basically I found that the divi was cancelled out by the drop instantly and then waiting for a recovery in these uncertain(played out) Market conditions is too risky. No offense to lazio, he/she may have different circumstances, but owing anything for 45 days to get a credit is too risky for me. This is a traders Market. If someone assumes we are close to a bottom and bought now to hold then, yes, it's worth investing. Since I started 2 yrs ago most(if not all) that I trade are in the red, and the divi wouldn't put you in the black. I disclose that I trade, hence, I like the negative movement some days. I believe we have many more bumps in the road, to quote Ben B, but, the bull ain't run yet, not in Oz anyway. Hope you all make money, whatever your strategy :$)
