Hi,
I wouldn't call myself a total n00b as I do hold some shares although I think I was lucky with the timing e.g. I bought WBC at $16.
I came across ETFs and LICs which fit my appetite for set and forget.
1) From what I read in most places, fund managers who try to beat the index mostly fail. Yet isn't this what ETFs and especially LICs do?
2) I read that you should buy LICs when there is a good premium discount on them. I'm actually confused by the report e.g. https://www.morningstar.com.au/s/documents/201710_ASX-LIC-NTA-Report.pdf - do I want positive numbers or negative numbers?
3) The Barefoot Investor recommends AFI and other LICs for people earning under $37k or so, which is what confused me. If you earn more, does that mean you shouldn't invest into a LIC?
In addition, I have also been researching individual stocks. I came across an app called Simply Wall Street. Apparently my current share portfolio is relatively good but I did find that some of their data is outdated. For example the management data for FMG is outdated as it still says their former CEO is their current one. I tried to look up the ETFs and LICs in there like ARG, AFI, VAS and they are all not recommended.
Has anyone tried this app for individual stock picks and what do they think of it?
I wouldn't call myself a total n00b as I do hold some shares although I think I was lucky with the timing e.g. I bought WBC at $16.
I came across ETFs and LICs which fit my appetite for set and forget.
1) From what I read in most places, fund managers who try to beat the index mostly fail. Yet isn't this what ETFs and especially LICs do?
2) I read that you should buy LICs when there is a good premium discount on them. I'm actually confused by the report e.g. https://www.morningstar.com.au/s/documents/201710_ASX-LIC-NTA-Report.pdf - do I want positive numbers or negative numbers?
3) The Barefoot Investor recommends AFI and other LICs for people earning under $37k or so, which is what confused me. If you earn more, does that mean you shouldn't invest into a LIC?
In addition, I have also been researching individual stocks. I came across an app called Simply Wall Street. Apparently my current share portfolio is relatively good but I did find that some of their data is outdated. For example the management data for FMG is outdated as it still says their former CEO is their current one. I tried to look up the ETFs and LICs in there like ARG, AFI, VAS and they are all not recommended.
Has anyone tried this app for individual stock picks and what do they think of it?