Wholeheartedly agree. My thinking has now changed, I don't give a damn no matter how much below NTA an LIC is trading at anymore (in the sense that I'm not interested in buying them). What's the point in holding an investment that cannot meet an index's performance (which are traded with much better liquidity).
Bought an active ETF recently and boy is it nice to see the thing trade at NAV, almost like I was in cloud 9.
PMC Price at posting:
$1.30 Sentiment: None Disclosure: Not Held
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