if you go backwards it's more important that you are still...

if you go backwards it's more important that you are still beating the index and the dividends are stable (dividends pay the power bill).

during the flash crash l swapped Bonds for PGF and no harm done, plan is to do the same again (sell bonds buy sone PGF). my thinking is the shorts will protect the dividend if nothing else.

LIC's come and go over the years but PGF l have held for a long time, I prefer to index funds. all good.