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Classic Thornhill, Switzer has him on twice a year to bang the same drum. For those that like Thornhills approach, he is a dividend growth investor. There are some great US blogs written by dividend growth investors my 2 favoirites being ; http://www.dividendgrowthinvestor.com/?m=1...

I don't know enough about the chart you are using to tell what that the problem is, but I can tell you that ARG, the second largest LIC on the ASX did not spike 450% over a few days and then resume in normal pattern without anyone noticing. Some corruption in the data for sure :)

Ha. Ok I see what you mean Redwing. There is a problem with your chart.

Cheers Simon. Bells report is a cracker. Well worth a look.

Both were ex Div 12 FEB, but the main reason ; XJO 16 JAN 5299 XJO 16 FEB 5888 :cool:

Yep, you are spot on. If you are looking to buy now ETFs or the LIC's largest underlying holdings if you are that way inclined would be my preference. The punters flock to the big LICs on down days....AFI and ARG both up despite XJO 50pt drop...ARG looks particularly expensive at the moment...

BKI is Tom Millners baby, assisted by Will Culbert. Has a strong tilt to Millner family stuff - ie Soul Patts, New Hope, Brickworks, TPG. I think its a pretty good long term vehicle, and the investment team has a long runway. The guys write nice educational updates too. I think they are just...

I will admit you are tenacious in your ignorance and cannot be helped. For those reading at home, take the time to understand how a LIC is structured and it will all make sense to you. I'd suggest pay special attention to the concept of net tangible assets and how it applies to listed investment...

No, its a conglomerate of wholly and partially owned operating businesses with a stock portfolio. BRK's stock Portfolio is only around 30% of the value of the business. Seven Group Holdings (SVW.AX) is similar in that way; it has wholly and partially owned businesses, and also a listed stock...

No, no, no. I'm doing this for the punters at home ;) The problem here is you don't understand what a LIC is, despite thinking you do. He is saying its P/E ratio will be determined by the yield it is receiving from its underlying holdings. This is like 98% dividend yield with minor CG due...

You still don't get it and it seems you never will. Equitymate has made it extremely clear. Can't believe you are continuing down this path frankly. Anyway, last I'll say on the matter...those that get it will be wanting to reach through the monitor and slap you with a wet fish :p Not...

Good move. Same needs to be done with any property books chapter on stocks.

Yep, spending all day prowling craigslist and collecting the divis is a dangerous recipe.

No need for popcorn. Nothing to see here :) Thornhill's favourite LIC is WHF for those interested....all industrials (incl. financials) ...he hates resources. I know someone who is a close peer/friend of Peters ;) As an aside, it was also the favourite of that Rockefeller bloke who got...

Herein is the problem with the Indexers dogma. It's almost like a religion...you don't have to know anything, just follow Saint Jack and all will be ok. Have a look at Bogleheads for example, or rather, don't. :D

Come on Oracle, this is investment 101. Suggest spend some time boning up on what LICs are before resuming discussion.

You do know what a LIC is right? You cant value a LIC like a stock...

Yep. Also you get style risk of short term underperformance....PTM and MFG are both value style investment companies. They will underperform at times. Personally I like the MFG group vehicles but Kerr Neilson is a star and I think they will be wheeling him out of that company.

You are welcome to do so, however you would be mistaken for thinking AFI, MLT, ARG are not inherently conservative. What I would say is this ; Bogle, Malkiel et al are wise men and they say a lot of good stuff. I recommend everyone read them. However, you need to understand that they are...

Cheers Equitymate. That's it.