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clock Created with Sketch. 18/03/24
11:23
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Originally posted by Burgerbuns:
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"The stealth promise of consistent, fully franked dividends that make some sort of insinuation that being invested in an underperforming LIC (with sub-par portfolio management) backed by a price performance that doesn't even match the XJO and comes nowhere near meeting the cost of inflation as some sort of security against peoples own insecurity, is a fanciful marketing ploy. Sure, great if you're Peter Thornhill earning 400k/p.a. in dividends alone and crave the benefits that fully franked dividends provide." You've pretty much just addressed my remarks above regarding security of insecurity.
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yep the Au market is a bit narrow you need to go overseas. the advantage of LIC's is cash reserves in times of crisis. the performance of 3 years reflects poorly 5 years is better.
(20min delay)