I am happy to clarify with someone talking sensible. I am not...

I am happy to clarify with someone talking sensible.
I am not talking about the distribution from funds like MGOC, this is the dividend paid out by MFG to shareholders of MFG just like S&P 500 paying out dividends. Any research will show S&P 500 dividend yield is very low compared to MFG or any Australian stock.
On your second point of well balanced portfolio, MFG is doing it for me. It has the iconic brands of the world, sitting in US$ in the biggest market in the world. I don’t have to diversify as MFG is doing for me. In fact I think I am reducing my risk by not investing individually in stocks and using all the research and brain power of MFG , which I don’t have.
In short I like the diversity of large technology companies and big brand companies famous in the world in one place. These companies have different profile and growth paths, however all have unassailable BS and US based. I don’t think I am talking any risk as long as MFG is sticking by the strategy they have employed up to now. If it changes like some people seems to suggest, I will be making a decision at that point. Hamish seems to be guy who is sticking to his guns under enormous pressure right now and I like that.
Please free to discuss.