ARG 0.23% $8.77 argo investments limited

"when I can pay

  1. 7,951 Posts.
    "when I can pay <0.3%pa for the "guaranteed mediocrity" of a trusty index fund"


    ARG are better.
    MER ~ 0.1% (and getting lower)
    They don't have to be indexed, in fact they are not, they are concentrated in the 'right' stocks, ensuring some long-term alpha.
    And most importantly, assuming that you keep track of the underlying NTA/share (not difficult) you can restrict your buying when the price is at a sufficient discount.

    PS. Despite what was said earlier in this thread, most LICs, including ARG usually trade at a discount to (pre-tax) NTA.
    Also, depsite what you here from time to time, the economic value of a LIC is its pre-tax and *not* its post-tax NTA. Those who have received LIC Capital Gains Dividends will be able to figure out why this is the case, else I can explain it later.



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Last
$8.77
Change
-0.020(0.23%)
Mkt cap ! $6.815B
Open High Low Value Volume
$8.85 $8.85 $8.76 $2.030M 230.6K

Buyers (Bids)

No. Vol. Price($)
7 8745 $8.76
 

Sellers (Offers)

Price($) Vol. No.
$8.78 7185 6
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