So you're saying I should have held onto my 15,000 wbc shares and not sold them for $23.90 in October last year and put the money in high interest savings accounts because dividends are better than interest because they are 7%?
Let's do the maths $1 wbc share price = $15,000 x 3.9 = $58,000 + $10,000 for 8 months interest = $68,000 total give or take $1,000
WBC dividend 70c + 64c + 100% franked = $150 x 134 = $20,100 + franking credits = $26,500 total give or take $1,000
The difference is I am over $40,000 wealthier from not holding wbc shares and earning interest instead. I've done this 3 years in a row with wbc without taking a dividend payment simply because dividends don't pay. this year is harder to buy back wbc because interest rates are higher.
Too Gutless To Buy due to interest rates on Savings Accounts, page-27
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