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07/10/19
15:20
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Originally posted by BarneyMaroon:
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I have trouble distinguishing real announcements from those that some wit writes on here. Seriously, I though this was more low level satire (the best kind). Maybe it is, and the whole "quotes" thing from the annoucment is part of a deep dive comedic narrative that I occasionally check into, but fail to stay long enough for the "Nice one, Fred - nailed it" back slapping. On more serious matters. I think they need to spin out a legal company JB Legal, to assist JB and JB Financial to work this out. JB Legal should use the services of JB Accounting of course. JB Legal could setup the Chinese Walls between the companies to deal with any conflicts of interests. I heard JB furniture does a good line in reasonably priced asian privacy screens. So glad I came upon HML in my tenth (not first) year of investing. I had my dough done slowly by the likes of Contango, but they managed to leave most on the table. Never let a manager come between you and your investments is my new adage.
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Maybe it’s that the whole LIC (and managed fund) model is dead with the rise of low cost ETFs and robo advice. With so many LICs trading at a discount this price disparity is likely taking into account fees charged.