Best undervalued stocks ASX for 2020
Well you might have to scroll until the end to see my two cents worth in regard to the above questions.
Continue reading “SHOULD I BUY ASX SHARES NOW?”Tag: best listed investment companies 2020
The idea for this lazy portfolio experiment was for it to track a portfolio that required little thinking and tinkering. In keeping up with the lazy theme I shall try and make this post relatively brief (well only in comparison to my last blog post anyway), as it is nearing Christmas and time for a break! To those who are not familiar with this hypothetical portfolio experiment, here is a link to the background for how it started.
Continue reading “LAZY 2020 ASX LIC BASED PORTFOLIO – & reflecting on 2019”This is a guest post that I thought would be of interest to my readers. It is in the spirit of Melbourne Cup Day, so I will be tempted soon in having my own punt on a LIC trifecta in the comments section at the end (feel free to do the same). Please read below to find out more about the author. (Note I have no affiliation with the below author / business).
Continue reading “Guest Post – The ‘Melbourne Cup of LICs’: Our form guide and three favourites”Pressure has been mounting on many ASX LICs this year to address issues of sub-par performance and widening discounts to NTA. In some cases this has led to corporate activity in the sector that has subsequently seen strong returns in the shorter term for such LICs.
Continue reading “5 FACTORS FOR PROFITING FROM ASX LIC TAKEOVERS AND WIND UPS”This blog post is referring to a very old study of Closed End Funds (CEFs) that I read this year. CEFs are the equivalent of what Australian investors usually refer to as ASX Listed Investment Companies (LICs). The study discusses in detail the typical life cycle of CEFs. It talks about why they often swing from premium to discount, and then back to NAV in a fickle manner. Continue reading “Have We Learnt Nothing from Investing in Closed End Funds / ASX LICs in the Last 30 Years?”
A checklist for buying ASX Listed Investment Companies (LICs)
A list of 10 factors to check as a guide when to buy, scroll down for further explanations on each.
1) Discount / Premium to NTA
2) Management Expenses and ALL other costs
3) Performance Track Record
4) Investment Style
5) Alignment of management’s interest with shareholders
6) Ownership Structure
7) Investment Management Agreement (IMA)
8) Size of the LIC
9) Future Dividend Capacity
10) Marketing / Reporting of the LIC
When I look back at my investing mistakes, one common theme is rushing into a new purchase. I find I have usually done better when a number of months pass until I begin accumulating a position in a new idea.
When investing in LICs I try to make sure I have considered numerous factors first. That helps me avoid getting itchy fingers and hitting the buy button quickly. Continue reading “LIC Investing – 10 factors to check before buying.”
It is approaching that time of year where I am looking forward to some lazy time having a beer or two whilst watching the Boxing Day Test Match on TV. I thought it was also worth discussing how a lazier way of investing can work. One that involves its fair share of ASX Listed Investment Companies (LICs). Continue reading “LAZY 2019 LIC BASED PORTFOLIO. – thanks to Sharesight discount offer.”