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Fair enough. Dividend imputation does lead to a home bias, which can be further exacerbated by individual tax positions. In SMSF for example, imputation is particularly attractive. My favourite companies are global consumer staples/discretionary and investment holding companies that compound...

Obviously you are taking a negative macro view on Oz which is fair enough. I don't neccesarily share that but no problem with that - I am not particularly bullish either mind you. Banks reg capital requirements are not as onerous as you suggest and BHP is not short of franking credits. I agree...

Your question does not go to the point I was making. But regardless, yes they will maintain higher payout ratio, note ratio than other markets due to dividend imputation. When growth is not achievable return of capital to shareholders in the form of dividends is sensible.

S There are plenty of good businesses on the ASX outside of those sectors, they are unlikely to be household names however so you need to DYOR and find them. If you are bearish on financials and resources then you either go direct stocks, equal weight ETF (which is an away tilt ) or active...

Both accumulation indices tell the story. Dividend imputation leads to far higher payout ratio in the form of franked dividends on the ASX compared to the S&P500. So look at total return as opposed to growth only. This is part of the reason, aside from the obvious that the bounce back has not...

When one responds to a specific point, one does.

Um no. XJO all time high is 6828 Nov 07. XJO is now 5664 :)

Yep, yield isn't static, the key is not focussing on initial yield but in growth of the underlying asset. Peter Thornhill always rants about "beware the yield trap" for this reason. Its a core tenet of dividend growth investing, the miracle of compounding.

Depends, I've got 4.10% margin rate and 4.45% home equity loan. But yeah, rack rates for small balances are 7% or something.

You'd probably want to dollar cost average in to a LIC or ETF to avoid timing risk, and I wouldn't be focussing on chasing initial yield. So something plain like VAS or AFI would do the job. DYOR and decide what you are most comfortable with. I'd avoid holding individual stocks for most...