LIC & LIT Listed Investment Companies (LICs) 2024

I think you made an error second entry from the bottom. The decimal point needs to be moved one digit to the left so Total Return = 2.61%. Don’t want people getting the wrong idea.

 

I note Gow reported today. Fairly vanilla.

Viewing them valuation wise like other LIC's they have a Pretax NTA of $3.85. post-tax $3.73 and a last market price of $2.21.
There assets are dominated by Regional Retail Shopping centers with a cap rate of 6.51%.

I find them interesting being basically a listed family company.


These guys reached really attractive discounts during covid with investments and philosophy which would obviously survive. I was building a stake to ride along with the family office approach. I excited about two years ago because we bought the kids into our investing mix and set off on our own adventure, if not for that I would still probably hold.

Things I think I came to understand during holding, is the investment time frame needs to be really long. Their family has biases towards the central North Coast and their personal interests. I thoroughly understand these bias's as I see our own coming out in where we focus long-term.
If you want to invest multi-generationally, don't want to do it yourself, and can accept their biases its worth a thought. I would go and meet them before investing heavily, Its possibly best suited to North Coast Locals.

I find it interesting to keep an eye on how this family goes about it.

 

All of them require the decimal point to be moved one digit to the left @Nodrog. Reality check.

My children are still in that fascination stage regarding performance. Yes, it's nice and all that but I feel it has issues associated with it such as price anchoring for one. My view is they should focus on continuing to invest for the next 30+ years not a 12 month's Woopie! moment.

Meh, I'm just a crochety old has been I guess.

 

I must be old and cranky too..

Hardest thing I'm trying to cement at the moment is "do you want to 'feel' wealthy now or 'be' wealthy in the future". Seeking, short term feedback that you are right is so often detrimental to long term thinking. (even acknowledging it is risky as that tends to build the seeking behavior)

I've always thought one of the most important aspects of long-term investment success is the 'capacity to bleed'. It seems hard to teach strength and perseverance into gloom will be in the long run much more rewarding than instant gratification seeking methods.

 

Uneasy is the head that wears a crown.

Takes a lot of work to be crowned GOD (Grumpy Old Dad.)

 

Ha Ha, in reading these post you are not doing a good job of dissuading anyone from MIR with such

Is total just adding up each column and dividing by eight funds?

 

If people wish to pile in on the basis of a partial FY return, I'd say Thank you, go ahead. However, I wouldn't guarantee that performance will continue.

While it does seem strange, according to some research I read ages ago, investors make the most money when the market throws a hissy fit, although they may not realise it. To my way of thinking, this accords with the last sentence of @dunno's Post #904 above.

 

Having a good balance is key I think - I know at some stages over the years I've been too far the other way and got uncomfortable when prices go up. Felt like I wanted them to stay down in the doldrums so I could continue to buy at cheap prices. Then the whole "this has to be the top - get out" urge starts to churn away in the background. I'm much better at this stuff now, and look at both situations (up or down) as a positive. Took a LONG time to get here though.

 

From the media today

"Charles Goode, Chairman of the Ian Potter Foundation, has said that Arts Centre Melbourne offered the naming in recognition of this donation.

“As a first donor and significant donor, sometimes [venues] offer naming,” Goode said last week. “It’s very fitting, given his lifelong contribution to the arts, that the theatre will be called the Ian Potter State Theatre.”

Goode announced his retirement from the foundation on Thursday, the same day as the announcement of the renaming."

Clock ticking?

 

Top up AUI and DUI then

 

Definately not. They’re going to merge and intending to diversify into Art & collectibles.

 

Easter

 

...and AFI.

Some clown has been pushing one other LIC I have an interesting in adding to my current holdings of it but I guess I may have to wait for a bit longer.

So not fair to me.

 

So it was you!

I should've known.

 

Don’t know actually. Just know that after being married for decades there’s no such thing as the assumption of innocence until proven guilty. Hence it makes for a more peaceful existence to plead guilty regardless of the circumstances.

 

Hi friends,

Anyone know a place to get latest and/or realtime NTA for AFI? Late Feb is a bit out of date, but looks like AFI has continued to diverge vs VAS since then.

 

Until AFI does its monthly update for March which will probably be released in the next day or two, everything else will be a guess formulated on the divergence you have noted.

Some could take that guess to a high level of calculation, but it’s still a guess.

 

Thank you good sir.

 

See below link for Indicitive NTA at 28 March. Otherwise for the somewhat index type proxy LICs such as AFI some will simply adjust the last known NTA by the change in the ASX 200 / 300 as a guide.

https://www.firstlinks.com.au/uploa...C_Weekly_Report_Indicative_NTA_2_Apr_2024.pdf

But as @dunno said it’s still a guesstimate. I don’t fuss too much, as long as I’m not paying a silly NTA premium. Not that long ago AFI NTA premium was in the 10 - 20% range. Silly to pay that when an index ETF is at available at close to actual NAV.