Retirees are faced with a difficult decision of what to do with their money after the Reserve Bank of Australia (RBA) decided to cut interest rates again to 1%.
It’s very tough to get any sort of income from the bank these days with the RBA just reducing Australia’s interest rate to 1%. ASX dividend shares could be the answer.
Qantas Airways Limited (ASX: QAN) shares have been flat over the last six months, up just 2%, but some analysts are now saying it could be a buy.
The dividend yield of more than 7% fully franked for Naos Emerging Opportunities Company Ltd (ASX:NCC) shares is no doubt very appealing to many LIC investors.
ASX shares are widely accepted to offer the highest level of income compared to other assets like bonds, residential investment properties, international shares or term deposits.
One of the most beneficial things about the listed investment company (LIC) structure is that it allows the LIC to pay out large dividends out from both the income received and capital gains.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up 0.30% on Tuesday.
Naos Emerging Opportunities Company Ltd (ASX:NCC) is a listed investment company (LIC), is it the best one on the ASX?
