other lics, page-25

Thanks Jamber.

Know what you mean about the under performance. Many funds/lic's seem content to compare to an indicator and if they meet it they've succeeded. I understand having a target but it should be that, only a target.

The other thing I've found in my research is the premium people are paying for AFI and ARG. Since Dec 07 most months the sp is > than nta. Why pay more than the underlying asset is worth. That's high confidence that the return will always be positive. Reduces the overall yearly return. Not saying I won't be investing in them but may wait for the premium to reduce. Man wouldn't you be piss*& if the big resources plays don't turn out as expected. Plus banking (the next biggest top 10) doesn't recover for a few years. Maybe returns for these two could be small single digits.

Still what else do you put your money into that's safe!

Nice having a buy in like that, bet it was a long time ago.