LIC & LIT Listed Investment Companies (LICs) Q4 2018

The point about cash in super is important and I didn't think about it - I was only thinking about FIRE. If you are forced to withdraw 4% from super but your dividends are only 3% then you definitely need the cash and the reserves to cover a crash, or be forced to sell at worst possible time.

 

Yep and those burnt often through their own stupidity will blame everyone but themselves.

 

The joy of LICs and ETFs. Skim over any thread concerning direct shares such as CBA.

Apparently the company has done something today but I don't know what and I don't care.

Now my only stress is over when the bus will come so I can get to the Roman exhibition at the museum.

 

I thought you’d already be there as an exhibit.

PS: SK now typing a request to Sim for “dislike” option.

 

I was running a bit late for work.

 

Was it good work experience aside?

My day was spent oiling a large deck. After that I feel like I should be in a museum myself.

 

@MTR in 3, 2, 1......

 

It's only as an Intern. Hopefully I can then get a permanent position as a fossil.

 

Hmm, I could go as a dried arrangement.

 

Usually dividends and franking credits should cover the 4 or 5% minimum withdrawal rate + expenses, however lots of people have lower yielding assets in their SMSF (eg. international shares), and Labour could well kill off the franking credits, therefore the need to do your sums.

Those with low yield or mortgaged property in their SMSF should be extra careful for obvious reasons considering the current state of the property market and possible further impact if a crisis happens.

One more detail, some people may find it useful to reconsider their DRPs. DRPs are automatic buy orders using the cash from your dividends but you may want to have full control of that cash at opportune points in time.

No advice.

 

Worth a read


Labor's dividend plan will smash mum-and-dad shareholders

 

Corporate activity increases in the listed investments sector

https://dpsi7pmz5b6vt.cloudfront.ne...e/6599/Monthly_LIC_Report_1_November_2018.pdf

 

Can't open this due to paywall, but...

 

Arrr me hearties. HML by any chance?

My, my.

Substantial shareholders.

Henry Morgan Limited

 

If 24 LICs ran the Melbourne Cup, which would be our favourites..?

 

Going by NTA premiums WAM and WAX would have to carry the most weight.

 

It appears the 'horses ' inbthis race are aboutcas old as the horses in tomorrow's Melb cup.... Only one grandaddy included in the lineup.

 

Anyone know why LIC nta reporting is so poor? Are they seriously saying that they can't report NTA at any time? Or do they have ulterior motives?

The last NTA reported for most LICs is now about 5 weeks ago. I consider this poor. PMC report weekly.

Any thoughts?

 

Possibly it's historical. The well established LICs, created in slower times, have traditionally reported monthly. And transactions were via a full service broker so plod on as you were was the go. Now I feel most want the information NOW along with trading platforms and all the rest.

Ratings and reviews of LICs is only a relatively recent innovation too. Oddly enough they seemed to survived quite OK beforehand.

I'm not personally fussed about it.

 

So is antipodes any good? I actually had this recommended to me awhile back but I thought there fees were too high compared to others. I'm also not quite sure I understand their investment style...