Ann: Changes to allowable investments, page-32

Great post No, much appreciated, and your wealth of knowledge with LICs far greater than mine. You also appear to be a much more patient investor than me, ie waiting for discounts to NTA before purchasing! I rushed in a little, after paying off my house, and having some spare cash for some LICs.

I jumped in and purchased CTN and ALF to begin with at higher prices, and will add OZG and CDM at these prices! MIR is just too expensive and low liquidity also!

You are correct in the longer term picture. Look at CTN for example, it has been around $1.00 to $1.20 for a few years now, but given it invests in micro caps, it needs the later stages of a bull market before it will rise strongly, when the mood is positive. At these prices, it is cheap longer term, but that could be a decade for the next bull run!

WIC would be close to a mining LIC, which focuses on WA based companies mostly, and mostly mining at that! And its cheap, below NTA, and good yield!?

Anyway, I now see things a little clearer, and will hang in there with ALF, and CTN, and add to my holdings with OZG and CDM. Thanks! Thoughts?