@peejay2 I understand fully. I have the same issue with part of my investment here which is in my SMSF and I am also having to draw 4%. You can rest assured that I pointed out to MG that paying dividends was crucial support for the share. There is a huge market out there for a company paying 4% before franking. To my mind that has to be the target. I have constructed my SMSF portfolio to deliver that but still to have parts of it in growth areas. I keep suggesting that there is a gap in the market for a LIC that has the blend but isnt looking to pay out high dividends but more balance. The BKI's seem to focus their portfolio as a high yield company and in my opinion some of the good stuff is lost in that approach. I like to play as well so this keeps me active as well.
GC1 Price at posting:
82.0¢ Sentiment: None Disclosure: Held
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