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Because most people invest to fund their preferred lifestyle.

Firstly, trading is not investing. Nothing wrong with that, if that's what people want to do. Good luck to them, I wish them all the best, but it's not investing. Secondly, you are absolutely correct, re: being difficult to make money trading. I've only ever come across one person in my life...

Another option you might wish to consider if you are looking purely for income is to open up a Bond account. FIIG offer accounts to retail investors with a minimum balance of 50K. According to the website, you can get an indicative return (at present) of between 5.85% and 6.54%...

Hi MTR. I don't know, I don't invest in the banks. Like Wazza says 'If you don't understand it, don't invest in it'. Edit: MTR, I read a book by Peter Lynch a few years ago called One Up On Wall Street. In my opinion, the best book ever written for non-professionals that want to invest in...

Vanguard has traditionally very low fees, due to being an Index Fund. It depends on how much you want be involved in the whole process. Personally I think purchasing shares because they have a high yield is akin to buying just any property because the rents are high. It's not a great strategy...

MTR, if I was in your position, I would forget trying to pick individual shares and go with an Index Fund. Vanguard have a High Yield ASX Fund. You can check out their range of funds here: https://www.vanguardinvestments.com.au/retail/ret/investments/managed-funds-retail.jsp#fundstab