vanguard australia share index vs lics, page-33

"This, coupled with the fact that the SPP sometimes allows us to purchase at a discount to NTA, favours CHO's smaller shareholders over the larger ones.
The same can be said about the other LICs offering SPPs, including MLT and ARG"


When *each* of my children were born, I bought for them $500 of *each* LIC and thereafter topped up for them through the annual SPP's.
Now they are teenagers and have taken over the topping up themselves.
Sure, one day they will be large shareholders but that is a problem they will have to learn to live with :)




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