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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.
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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.
