Recent content by austini

A recent research report on LICs for those interested: http://www.wamfunds.com.au/WAM/media/WAMMedia/LIC%20Research/Baillieu-Holst-LIC-Report-April-15.pdf?ext=.pdf

Not really other than long term investing through index funds such as popularised by Bogle. Honestly unless you want to trade or perform your own stock analysis (very time consuming and most underperform the indicies or much worse) contrary to popular opinion too much reading may only confuse...

ETF's and LIC's (choose well) are both great passive investments. Trouble is that a number of newer ones may not survive given the small size of the Australian investor base. Hence I tend to favour older/big and boring for a larger part of the portfolio. I do own a couple of ETFs but LICs...

Yep, that's pretty much it. Essentially a growing income stream that over the long term will keep well ahead of the rate of inflation. Property can do the same albeit it's not as passive and it is a lumpy investment. That is, a large single transaction. So for most people DCA and the like is...

Dajackal, Check out the following Youtube link on the "Yield Trap" by Peter Thornhill (author of Motivated Money). Pay attention to the charts. http://www.youtube.com/watch?v=cpVSmgZRHA8 He is a huge exponent of Shares (industrial) for income with a lifetime of experience in the...

But in all fairness this is typical of generalisations. The same could be said about other assets such as property during the GFC. It just depends on the quality of your asset and the investor strategy. For those several people one knows who took a hiding in shares during the GFC there were...

One can never know what the future holds, historical performance is all we have to go on. Even with property there is no guarantee that it will always go up all of the time. Check out the dividend history of the older major LICs. By using a corporate structure they have a better opportunity...

Combination of mostly shares and cash buffer for me. As for fear of GFC type events on shares consider it an amazing opportunity to pick up a future income stream very cheaply. Sure if you need the capital on retirement then these events might seem scary if they come at an inopportune time...

And again dividend consistency. ETFs can't smooth dividends like LICs can due to LIC's Company structure. But it's not about turning the thread into LICs Vs ETFs. Selected ones from both can be great investments. Spread the love around:D

MIR is my preferred LIC for mid/small cap exposure. Others I hold are AFI, ARG, DJW, MLT, AUI, PMC, WHF. There are of course others worth holding. Even though there are similarities with some of these holding a number of them provides greater buying opportunities at times. NTA issues can...

Really there are great listed diversified assets out there such as the older LICs and some ETFs where the probability of them going bust is extraordinarily low. Just spread your savings across a number of them for even greater peace of mind. And as for the short term focus on BHP and other...

Yes, and as for LICs buying them at a hefty discount during the GFC effectively meant buying the underlying companies at a absolute bargain price. As for investing my motto is buy good assets like crazy during periods of gloom, then forget about it whilst enjoying life until the next...

Couldn't agree more!

Hi Lizzie, Just had the pool solar tubing removed from the roof of our future retirement home (currently a weekender). Discovered there had been a leak at some stage prior to us buying the house. Remember many pools are salt water nowadays. Hence in our case the gutter pipe outlets...

Bleach doesn't actually kill all the mold, it mostly just bleaches things to make them look whiter. Pressure hosing is even worse because it etches the surface making it more porous which subsequent mold will love. Use these products which will actually kill the mold, moss & algae etc...