Tag: Peter Thornhill

LIC Investing – 10 factors to check before buying.

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.”

I was wrong! How to deal with FOMO in the markets.

I thought I would go with this heading after seeing so many financial pundits on social media focusing on how right they were shortly after the recent correction. Continue reading “I was wrong! How to deal with FOMO in the markets.”

AVOID THIS ASX LIC IPO!

How to buy ASX Listed Investment Companies (LICs)

Or not to buy?

Don’t fall for the hype of conflicted advice on ASX LICs IPOs and get hit with commissions

Warning fictional post about an IPO of an ASX Listed Investment Company (LIC). 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 ASX LIC IPO!”

Some recommended value investing books

What are the best value investing books in 2021 for learning?

If I could pick out 5 or so investing books for a value investor earlier on in their journey to sink their teeth into I would nominate the following. In fact, they are good reads for investors of varying levels of experience. The investment philosophies touched on are relevant for investors all across the globe as well as Australian share market investors.

Top 5 value investing books for 2021

  • Intelligent Investor – Benjamin Graham
  • You can be a Stockmarket Genius – Joel Greenblatt
  • Margin of Safety – Seth Klarman
  • Deep Value – Tobias E. Carlisle
  • The Smart Money Method – Stephen Clapham

Some may argue these are not necessarily the best books around and I won’t necessarily disagree. I just thought these 5 offered a good all-round backdrop for someone that has recently developed a strong interest in value investing. Plenty to sink your teeth into.

I thought I would throw in number 5 above for something new that not everyone may have come across. I haven’t updated this blog post for a few years so at the very end you can see my comments about this and another new book that came out in 2020.

Below is the original blog post I had here all the way back around 2016 where I thought it would be interesting to list a few dozen investing books or so that have helped me over the years..

Continue reading “Some recommended value investing books”