Can you suggest Income Stocks outside the banks?
Hi James , It is good to have you back. Put simply, like so many other people, I am OVER EXPOSED to bank shares. About 60% of shares in my Super are bank shares because I stupidly became addicted to the dividends and franking. What are your suggestions for high dividend, fairly safe shares that are fully franked ? I will soon be at the age where I must take out 7% of my holdings every year from my self managed super fund. Nobody pays 7% dividends except possible during some anomaly. It is my belief that bank shares are now DANGEROUS. Within a very few years banks ,as we know them today, will be gone. Banks will not go out of business , but their 'Happy Hunting Ground' of exceptional dividends are gone due to margin squeeze. I must find a substitute for my super portfolio. Thus far I have invested in APA and WPL and SGP which helps. I bought them at very favourable prices. Do you have any other suggestions I might consider. I am NOT asking for personal advice just suggestions. I am certain that there are literally millions of people in the same boat as I am. Fat dividends are like heroin to a pensioner.
