Originally Posted by
Baa_Baa
Not saying you're wrong if you're looking at ultimate company performance, though there are plenty of folks happy to be invested in an, ARG 6.117% gross dividend yield and KPG at 7.344%. Many people I suspect are not interested in the 'perfect' investment, they look at what they've got invested, what it returns to them and say ... yeah, that's ok, or it's enough.
I doubt that many of those folks care too much about how they generate their income, NZ is a quite unique market focused largely on income, albeit perfect or not. Most of them have been screwed for a long time, the depositors and the low yield incomes have been really bad for quite a long time.
Anything at or above CPI will appeal to the many who have some of their portfolio leaning this way. Anything better than a bond or deposit will appeal to them.
It might not the perfect path to riches, but ponder that they may already be rich, or have enough, and just want a reliable income. This might not be your forte, but it is imo important to take into account. Not everyone is looking to smash it out of the park, fundamentally, technically, or any other which way.