Yeah same reason :)
Re MFF the key man risk and concentrated nature leads to the 20% position size. You cannot underestimate the role of chance particular with...
Right so I kind of throw asset allocation thinking out the window when looking at LICs...they are quite concentrated active portfolios, so it...
I have this internal dichotomy because I know that long term, after tax and cost it’s extremely difficult to beat the indices, and I know that...
...LICs do. Bear in mind some LICs returns are juiced by a little debt (MFF for one). Debt is a potential business killer so keep an eye out for...
..."Should" come good in down market. Still holding a lot of cash. 20% MFF - Concentrated GAARP portfolio, manager alignment. Signficant cap...
To me looks pretty messy. I’d bin all LICs except AU mid small cap to be bought opportunistically. I’d also give smart beta the @rse. For mine...
Yes close to. There are others of course. just a matter of DYOR.
...is a pretty efficient space... Personally the only international LIC I'd look at is MFF, but wouldn't be surprised if it underperforms after costs.
And I should also say, that's not an endorsement. Aside from a few direct stocks (as a hobby) I favour indexing all international exposure.
Sounds like you are after the global market portfolio, easily put together with just 4 funds. As @Nodrog quoted from Swensen, it makes sense that...
MFF has a lot of options outstanding - read the NTA report in full....
MFF is managed by Chris Mackay, as opposed to all the other MFG products overseen by Hamish Douglass. There is a weird two way agreement between...
I like MFF a lot, Chris Mackay is a savant. I've met him at a small event last year and he is very impressive, and these days after being done...
Most of my International is direct stocks, only LIC I hold is MFF. Haven't looked at PMC.
...a top 5 holding (the mothership) run by Hamish Douglass and a smaller MFF holding (the LIC run by Chris Mackay). Criticising MFF, MGE etc for...
...to time this), and for small mid cap I like QVE. International, I like MFF. I hold stock and options for QVE and MFF, and stock in WHF. I...
...are coming from Austing and respect that. BRK and MKL and our listed MFF are companies that don't pay or pay miserly divs are the only...
Yes I think QVE at 0.9% is fair value for small-mid active management. Re running a 170 stock portfolio as proposed, the ongoing portfolio admin...
...LIC's the standout for mine on the ASX (ie. the only one I hold) is MFF. Managed by the legendary Chris Mackay with huge alignment (he is...
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