ARG 0.00% $8.99 argo investments limited

argo milton who else, page-7

  1. 477 Posts.
    I own ARG, CHO, MLT and STW. An extremely boring portfolio, but one which I am certain will give me at least my fair share of market returns over a lifetime. I'd also look at AUI and DUI, and possibly AFI, but that's about it.

    Advantages of LICS:
    - fully franked dividends which are always at least as generous as the previous year
    - dividends often include a LIC capital gain amount, allowing individual investors to claim half of that as a tax deduction; not sure how this works as a company investor
    - transparent investing: you know almost exactly what you're buying
    - low portfolio turnover minimises capital gains tax paid by the LIC
    - low management fees (and far lower than unlisted funds)
    - sound capital management ensures there's always plenty of cash to pounce on undervalued stocks
    - biannual or annual share purchase plans allow investors to top up shareholdings at a small discount, and without paying brokerage

    Need I go on?
 
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