ASX

I started buying shares in ASX from 2001 and continued until 2003, bought at between $10.92 to $16.88 per share. Shares bought after that period have been sold off. But from 2006, the share price has not really performed. However, I keep the stock now for its healthy dividends. It is consistent and 90% of its profit is paid out in dividend. The stock exchange is actually very cheap to run, and fees are easy for it to collect.

Recently, it faced a young upstart from Japan. While Chi-X has not made much inroad, it will in time make a dent in ASX income. It can nit-pick the choice morsels, just like upstarts in the aviation industry.

While ASX continues to pay good franked dividend, I will keep it.