Personally i think both AFI and AUI have a valid role in the more passive part of one's portfolio and that's what i use them for. Their ability to smoothen dividend payouts and simplicity at tax time ( no complex AMIT documents with capital gains distributions, foreign income etc ) makes them appealing.
i also actively manage my own direct shares and ETFs
so these LICs are only a minority of my portfolio.
As for the mediocre 10 year performance figures, yes it is disappointing but the investor experience can be improved by buying only when trading at sizeable discounts not when at premiums, as I have done. Currently AFI is trading at an unheard of discount of about 7 or 8%, arguably a great time to buy.
Personally i think both AFI and AUI have a valid role in the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AFI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $8.948B | |||
| Open | High | Low | Value | Volume |
| $7.15 | $7.17 | $7.13 | $1.880M | 262.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 35611 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 9063 | 6 |
View Market Depth
| Last trade - 12.09pm 26/06/2024 (20 minute delay) ? |
| AFI (ASX) Chart |