RE:Some thoughtsSarge, your strategy works well and I looked at the dividend for the banks and FTS. Their yield against the current dividend is 10 time 10 years earlier.
If you consider mutual fund, you may want to look into some dividend/income fund. But becareful with their performance number. For example Royal Bank's dividend/income function (RBF1014) claims their 10 years performance is about 9% annualized which is the gain in 10 years divided by 10. Coumpounded growth is actually 7% which is not bad.