Ann: Daily NAV, page-49

Thanks woollydog. Having been a subscriber to the Intelligent Investor and putting our money in when Steve first started the fund I think I probably should have paid more attention to the style of fund it is, ie completely different to the type of stocks recommended by the Intelligent Investor newsletter.

We are currently fully invested only with Forager with the split roughly even between the Australian and the International fund. It’s a fair bit (to us anyway). Out of curiosity, what would you regard as a decent diversification of LIC’s? It’s a big question so it’s fine if you don’t want to answer it (you may have already covered it in the managed fund thread previously) but I do find you very knowledgeable in this space.