Tag: Contrarian Value Fund Ltd

PAYING $1 FOR 50 CENTS WORTH OF ASSETS?

The objective you hear from many value investors is to buy $1 of assets for 50 cents. The headline I used here is the opposite, what we should be avoiding.

Trading in a couple of wind-up situations I have observed this year has left me scratching my head. It has looked to me like investors paying around $1 for 50 cents of cash!

Continue reading “PAYING $1 FOR 50 CENTS WORTH OF ASSETS?”

ASX LICs AND THEIR IMA TERMINATION FEES

At first glance this blog post might appear to be only relevant to Contrarian Value Fund Ltd (ASX:CVF) and Global Value Fund Ltd (ASX:GVF) shareholders. I thought it was worth posting though because all LIC investors generally should ideally make themselves aware about certain issues. Part of the attraction for a fund manager launching a LIC is it is very “sticky” AUM revenue. Investors cannot redeem their funds like the traditional open-end managed fund structure. This “stickiness” of AUM fee revenue for the fund manager can often usually last for a decade whereby many Investment Management Agreements (IMAs) set their terms at 10 years.

Continue reading “ASX LICs AND THEIR IMA TERMINATION FEES”

REVIEW OF MY INVESTING YEAR, ARE THERE UNDERVALUED ASX SHARES FOR 2021?

Like many in 2020, it has been a year I would prefer to forget. Hence I am reviewing things a bit earlier before the year has even finished.

Continue reading “REVIEW OF MY INVESTING YEAR, ARE THERE UNDERVALUED ASX SHARES FOR 2021?”

LAZY 2020 ASX LIC BASED PORTFOLIO – & reflecting on 2019

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”