I suggest people read this ASIC report. Thanks so much MKR for...

I suggest people read this ASIC report. Thanks so much MKR for posting this link. It's not as bad for FIG as some people are making out. Royal commission adds to the fear which presents an investment opportunity for those with a long term horizon. After previously holding out I added today. However word of warning if fear is high enough, FIG could well trade less than NTA. So my suggestion keep your position reasonable, don't bet the house. At the moment my FIG position is 3% of the portfolio. If it goes up I am happy If I am completely wrong I can still fight another day