Dividend investments have always been a good bet, even though they were out of favour for a long time.  The answer I used to get from people in ROB -- and I am talking 30 years or so ago -- was that investors do not want dividends, they want growth.  That was proven wrong by the huge popularity of the income trusts -- so popular that Ottawa pulled the plug on them.

The growth vs dividends argument is partly a matter of demographics.  The horserace of growth and market timing is a game for young people with a surplus of testosterone.  Dividends are for people who want to own quality investments for the long term -- and that's largely people at or approaching retirement, which is where the baby boomers are now (and we know that the tastes of baby boomers are the touchstones of reality).

Interestingly, the financial industry still divides investors into the old categories of risk takers and risk-averse.  So yesterday.

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