The portfolios are fantastic but liquidity is important. I still...

The portfolios are fantastic but liquidity is
important.
I still like the LIC sector to trade , and have made
the majority of my wealth by buying undervalued
LICs, but its getting harder as more get taken
over or move to the ETF model.
I have found the last couple of years good too,
moving in and out of different sectors as interest
rates have risen and now the market anticipates
a reduction in rates.
I’m a buyer of WLE at a 20% discount and I
will try to “ out Wilson” Geoff Wilson.
Funnily enough it wasn’t Geoff that put me onto
the idea of buying $1 for 80 cents.
The very first book I read on investing talked
about that concept and I applied it to LICs.
Maybe Geoff copied me.

Hats off to Geoff though. I’m a big holder of WAR
and they had a decent holding of QVE. When
WLE took over QVE I assumed Geoff would take
WLE shares and not cash in the WAR fund.
Pleasantly surprised to see that he opted for
cash.