Thank you for your comments Jarrad and Ben, we always have an eye on the downside at IML, something many investors forget until tough times arrive.

On What to do when the market goes mad -

Thank you for all of your comments. I agree that dividends are just one important element of assessing when to buy shares in a company. At IML we look for 4 quality attributes: a strong competitive advantage; a history of consistent, recurring earnings; a capable management team; and the ability to grow earnings and consequently their dividends over time. We also seek to buy these quality companies at a reasonable price.

On Why dividends are so important -

Thank you Shabbir, Wendy and Romano for your comments. It's been a busy week! Wendy we are working on a piece about yield sensitivity at the moment so stay tuned. And please let me know when your crystal ball arrives back from the shop as I'm interested to hear what it has to say!

On My thoughts on the recent Wall Street correction -