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WAM LIC is a hunk of junk. As is WAX. Bought WAM 5 years ago and including dividends it still probably owes me something. Down -29% from my buy price.Maybe you're attracted by the dividend yield but if you're wrong about a bottom being near the div net of capital loss won't be impressive.Better to buy quality at a fair price than junk at a cheap price. Others here have shown that there are better LICS than any in the Wilson stable and ETFs are probably better than all of them. Too much goes in fees.Decade monthly chart below compares WAM against better performing AFI, ARG and MIR. All are LICS.Holding WAM and WAXMONTHLY Decade[ATTACH=full]179598[/ATTACH]
WAM LIC is a hunk of junk. As is WAX. Bought WAM 5 years ago and including dividends it still probably owes me something. Down -29% from my buy price.
Maybe you're attracted by the dividend yield but if you're wrong about a bottom being near the div net of capital loss won't be impressive.
Better to buy quality at a fair price than junk at a cheap price. Others here have shown that there are better LICS than any in the Wilson stable and ETFs are probably better than all of them. Too much goes in fees.
Decade monthly chart below compares WAM against better performing AFI, ARG and MIR. All are LICS.
Holding WAM and WAX
MONTHLY Decade
[ATTACH=full]179598[/ATTACH]
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