Anyone out there follow this strategy? For the uninitiated, it's basically picking the 10 highest yielding stocks at the start of each year in the hope that the gains and yields will beat out the index most years. History seems to bear this out. So, is this only for the US? Is there an Australian version of this strategy (Dogs of the ASX?).
Also, if I choose to try this with the top US Dow stocks, what are the penalties/fees/taxes incurred from the standpoint of an Australian Investor?