Good observations.Stay strong peejay2.

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Jack1960

1,742 Posts.

2080

17/08/20

11:09

Post #: 46587968
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Originally posted by peejay2: ↑

@@Jack1960.... I am fairly laid back and didn’t interpret your comment adversely.
I take each investment in isolation and unlike a lot on HC don’t just look at NTA. Performance counts.
JB has had positive returns 2 months running which is almost a record. You are correct re LICs alleging that they are better investors than the individual, sometimes the only thing that it gives is diversification, and not positive results. A little WA based LIC called WIC has done well for me since I picked it up at 65 cents. It tends to specialise in WA based companies and it seems, mining contractors. CDM went off the rails when Karl Seigerling took a punt on Melbourne IT (now ARQ) and put 18% of the fund into the one stock. During the downturn, CDM was trading at a discount to the cash at bank, but I was so pi**ed off with Karl that I didn’t even want to look at the fund, so missed out on the rise there. But yes, as for my other LICs, they are at best, average. Having said that, I am casting an eye over OPH (Ophir)... we shall see.
Your comments about keeping powder dry is extremely relevant. I don’t know about a meltdown, but I agree COVID is the earthquake and the financial tsunami is yet to hit. I will be debt free next month and with 9 rental properties, 8 currently rented and one just finishing a Reno, I should be fairly OK. Thanks for your correction and observations... always appreciated.
I see that the post tax for ALF is $1.04, down from the $1.10 that JB did the buy back at previously.

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Good observations.

Stay strong peejay2.

ALF Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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