One metric I do pay attention to is premium or discount to NTA.
I won't pay a double digit premium no matter how much I like the fund. Hence I have avoided WAM, WAX or buying anymore FOR whilst at premiums of 10 - 20%, but am waiting patiently for opportunities. But nor will I sell my LICs for that reason alone as the premium may persist for God knows how long. If there is a discount to NTA I am happy to top up or buy in, but only if I like the fund for other reasons. I won't buy a mediocre quality fund just because of a discount to NTA, as this can also persist indefinitely or become an even greater discount.
Short term trading of LICs is not a great way to make money IMO
- Forums
- Strategic Investments
- LICs
One metric I do pay attention to is premium or discount to NTA....
- There are more pages in this discussion • 198 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online