The positives of the older, low fee LICs I feel are very well known and covered. I personally think they have been excellent investment products for so many for such a long time. I particularly like the positive influence they have had on investors helping them with the behavioural aspects. i.e. sticking the course and seeing the benefits of compounding, highlighting dividend returns and benefits from not overtrading, including taxation benefits.
Now for the section where I might receive some negative feedback!
Continue reading “The other side to the older, low fee LICs.”
This blog post topic came to mind after I read a post from another blogger. The post I refer to discusses whether fund managers are doing a good job communicating their ideas to attract retail investor demand. Continue reading “What do retail investors want to hear from their fund manager?”
Warning fictional post. There is so much cheap money around I fear that if I don’t include such a warning, some will think this is real and want me to send them the prospectus! Continue reading “AVOID THIS LIC FLOAT IN 2018!”
Being a contrarian investor is easy, just find some stock ideas that are not popular. Doing it successfully is not so easy! I have been doing my own little experiments lately and getting some indication of investor sentiment anecdotally with a very small sample set, and I don’t think my boring investment style is that interesting right now in a raging bull market. Continue reading “TWO LICs YOU WILL PROBABLY HATE.”
I nearly always enter an investment assuming I may be holding that company in terms of years not months, but with some selling I have done of late it hasn’t turned out that way. A month or two ago I pointed out the difference in performance of the leading companies on the ASX versus the small ordinaries over the last year or so. Continue reading “TAKING PROFITS IN SOME SMALLER LICs”
NGE – The proposal to establish a LIC is set for later this month. If they had of gone about this the right way (e.g. combine with some cornerstone investors to double the size paying NTA, detailed presentations highlighting management expenses and investment strategy) perhaps I could have supported this.
Continue reading “Boardroom battles for small LICs (HHY & NGE). APW & GJT updates.”