LIC & LIT Listed Investment Companies (LICs) 2019

Apparently recently topped up on WAM Global

 

WLE as well.

 

If you continue to invest in shares for the long term trust me opportunities like this will keep coming. This won't be the last time these shares are sold at a discount.

Keep patience and keep doing the important bits like

1) Spend less than you earn
2) Invest the remainder
3) Don't sell during market panic, stay the course
4) Enjoy life every so often remember as each days passes we are getting old so no point dying with millions of dollars in bank account.

Cheers,
Oracle.

 

Its a 3-6 year reprieve. Labour will simply focus on health and education then bring in their reforms after being elected.

 

While I have and likely always to have a place for LIC's in my investments, I already have a swag of money in them. If I consider a purchase is worthwhile in order to adjust my OZ/OS split, I'll probably favour ETF's at the moment.

As for the politics, I leave it alone to a large extent as it is a subsidiary issue as far as I am concerned. I invest for the income shares generate and not to avoid tax. That said I have no intention to write a blank cheque to the ATO. I'll continue to deal with the issues as they arise all the while having a degree of empathy for those not in such a fortunate position despite viewing some of their approaches as rather odd in my eyes.

But that's just me.

 

Same here.

In addition we consider ourselves lucky and fortunate to be able to continue to keep the franking credit refunds. Hence these refunds will be wisely reinvested in a more diversified manner so that in future our assets and associated income are far more protected not only against asset allocation and country risk but also legislative, structural and taxation risk.

One should never take things like franking credit refunds for granted. While these tax advantages exist I figure it’s an opportunity to more rapidly compound one’s wealth. Don’t squander it, every year counts. The greater the wealth one can build the less one has to worry about adverse tax and other changes in the future. The buffer against adverse financial changes impacting existing lifestyle gets greater and greater as wealth increases. And that’s a wonderful position to be in especially at a stage of one’s life when human capital is no longer there.

 

Banks are up nearly 5% in morning trade. Probably because of no negative gearing/franking changes.

Markets likes the election results

Cheers,
Oracle.

 

The market and a lot of people are breathing a sigh of relief.

Noone likes a party pooper or a house guest who insists on rearranging your furniture.

 

More like stealing the furniture.

 

Does anyone know what the next predicted plans of actions are for AFI/BKI/MIR now that they have given the franking credit stores to shareholders as the last dividend payout?

 

I see WAM is a big winner.

 

Not sure if WAM's run will last.
PMC not joining the pack?

 

Blue Skies shining on me,
Nothing but Blue Skies
Do I see.

Bye, Bye BLA

 

Waiting for the guitar solo.

By the way you must be due to add another guitar to your collection?

 

Nah. Like the number of LICs held, enough is enough.

While it's BLA which is having trouble and not BAF, I do have a pang of sympathy for shareholders. It's risk but still not good to see.

And although tempting, topping up on LICs I hold is a "not right now" situation. Enthusiasm is good but not always as good as that.

 

Ouch...

 

Yeah, sorry about that @Blueskies. You came to mind just as I posted it and was about to delete as a result but then my true attitude took over and I mentally went, Meh.

 

Not a great day over at BLA for sure (not something I would hold anyway with such a cheesy name)

And yet, there is something in the air today, a sense of sunshine, clear air, and optimism. I can’t put my finger on it, like something has changed between Friday and today...

 

Well some like WHF today. Likely the LIC capital gains and post-Saturday feel good aspect.

Nice email from WHF just now. BSP holders don't get the LIC capital gain discount. Ta but I'm not in the BSP.

PS: I know the email is advising pps of the opportunity to alter their BSP election but I like winding pps up.

 

QVE fans
Anton T article
Finding quality companies, at a reasonable price