WBC 2.48% $29.80 westpac banking corporation

Dividend Skimming - Great idea in theory, much harder in...

  1. 222 Posts.
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    Dividend Skimming - Great idea in theory, much harder in practice.
    I've done it myself and I've also watched plenty of others trade in & out of shares capturing the dividends.
    In the end I've done a lot better just holding.
    The other guys mostly just paid a ton of brokerage and didn't really achieve a lot, plus wondering about the ATO making a fuss at tax time.

    My thoughts - Give it a go and post up your results in a couple of years time.

 
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