Australia's largest stock trading and investment forum Australia's #1 stock forum

WAM

Click for more information

0.34%

$1.50 wam capital limited

Is it the end of the Listed Investment Company?, page-75

First 75 Last

Share
Profile

Follow
IrishDigger

183 Posts.

11

11/08/19

21:55

Post #: 39957212
Share

Originally posted by SimonGr: ↑

I manage a portfolio for my ageing parents. Sometime ago they asked me the same question for all 11 of their grandkids. After discussion, we invested in FGX for a couple of reasons:
- it’s very diversified across top fund managers
- it’s actively managed for risk across long, absolute, long-short and cash weightings
- zero fees (no Director fees, no management fees, no chess fees etc). The fund managers donate their fees back into the LIC
- a 1% charitable donation is given away each year by the LIC to children’s charities (and the kids can chose which ones for their shares)
- regular dividends are reinvested with a small discount to the SP.

So a lovely mix of introducing kids to investment and philanthropy. Performance has been good - less than ASX200, but you expect that given its weighting and lower volatility/risk. Conversations with the kids about choice of charity is very rewarding too.

BTW - FGX was setup by Geoff Wilson after borrowing the idea from a similar fund in London.

Cheers. Simon

Expand

More comments on FGX here,

https://hotcopper.com.au/threads/ann-investment-update-nta-may-2019.4811272/

WAM Price at posting: $2.12 Sentiment: None Disclosure: Held
Upvote

1 Great analysis

Reply

There are more pages in this discussion • 16 more messages in this thread...

First 75 Last

Add WAM (ASX) to my watchlist

(20min delay)
Last $1.50		Change 0.005(0.34%)		Mkt cap ! $1.654B

Open	High	Low	Value	Volume
$1.50	$1.51	$1.50	$549.7K	367.1K

Buyers (Bids)

No.	Vol.	Price($)
4	6573	$1.50

Sellers (Offers)

Price($)	Vol.	No.
$1.50	47274	4

View Market Depth

No.	Vol.	Price($)
5	22573	1.495
15	74755	1.490
9	134009	1.485
31	244901	1.480
8	99183	1.475

Price($)	Vol.	No.
1.500	37274	3
1.505	57268	6
1.510	177974	5
1.515	91254	3
1.520	106974	8

Last trade - 12.49pm 29/04/2024 (20 minute delay)


Last $1.50			Change 0.005 ( 0.67 %)
Open	High		Low	Volume
$1.50	$1.51		$1.50	125841
Last updated 12.50pm 29/04/2024 ?

WAM (ASX) Chart