Thinking chasing yield is a dangerous game...historical high dividend yields simply implies lower dividends ahead.
I have cautioned since last year to get out of banks and TLS, those high yielding stocks because I had expected their dividends to come down and prices too.
Instead, we should be looking at the future sector outlook and banks and insurance companies stand to be at the forefront of a disruptive business model transformation. Heard of the news millenials are no longer taking out insurance because they are prepared to risk and see no value in paying premiums ? The boomers would have to pay a higher premium because the younger ones are ditching them.
