lic v etf, page-10

G'day venger.

Well spotted, but I certainly have not given up on the Boglehead investment style! I sold my holdings in STW for a few reasons: (1) I am cashing up for personal reasons, (2) STW has higher management fees than the LICs I've invested in, and (3) STW is generally messier when it comes to tax returns. Much simpler to have fully franked dividends than a whole bunch of numbers that mean little to the non-accountants among us (e.g. me).

Of course my net exposure to the sharemarket remains virtually the same given that all of my LICs, as a group, invest in the majority of the top 200 companies anyway.