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clock Created with Sketch. 17/07/18
18:07
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Originally posted by elphamale
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It beggars belief why on earth anyone would bother to invest in an overvalued speculative ASX listed investment company with no real runs on the board (but with a bizarre mandate [IMHO] to include blue chips as part of their diversification strategy) when directors are happy to syphon much (if not all) of any profits that the company may make via the charging of their fees (aka lifestyle company). To justify their part time existence they place $250k bets here and there on other (some ASX listed) companies and worst of all sometimes at a premium to the current market price as we've just witnessed today.you may make which obviously means more money in your pocket and not someone else's. Oh and I promise not to use any buzzwords like 'crypto' and 'blockchain' to excite you with my well thought out investment decisions, unlike this crowd who are completely comfortable charging shareholders (in the form of director's fees) without recourse and regardless of their investment performance.
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Admin fees? FGF total outflows are 130k / quarter.
