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Argo Investments

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by OLI, 19th Mar, 2008.

  1. OLI

    OLI Well-Known Member

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    Has anyone heard of, or have any opinions of this company:

    Argo Investing in Australia

    My accountant brought it to my attention when I was telling him about the Navra Fund. I don't know if the income can be compared to Navra as it might be more of a capital growth investment? My accountant was impressed with its strong financials - apparently it has billions of dollars worth of assets and no (or very little) debt.
     
  2. Tropo

    Tropo Well-Known Member

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    Another view to a kill.:D
     

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  3. austing

    austing Well-Known Member

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    Hi,

    If you are after a great performing, safe, "set and forget" stock then ARGO certainly fits the bill. Some of the wealthiest oldies I know have done nothing more than dollar cost average into ARGO and other older LICs such as AFI, MLT and AUI etc over their lifetime.

    In recent times the yield hasn't looked too exciting but go back and study its dividend growth over time to see that over the long term it has rewarded its shareholders very handsomely. Not to mention diversification and great SANF all bundled into a single stock.

    I love these stocks for our SMSF in particular as it gives instant diversification and keeps admin very minimal.

    The above comments are aimed at a long term investor.

    Cheers - Gordon

    PS: This is opinion only and not advice.
     
  4. AsxBroker

    AsxBroker Well-Known Member

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    Hi Oli,

    Argo has been around for a very very long time.

    Have a read of Argo Investing in Australia

    I hope your accountant is licensed (by ASIC) to give investment advice and is going to give you a Statement of Advice...

    Cheers,

    Dan

    PS Before making an investment decision speak to your FPA registered Financial Planner
     
  5. FrankGrimes

    FrankGrimes Well-Known Member

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    Thanks for such a useful post....... You've really given him something to think about...

    Argo has been discussed many times on this forum (pull up a search). Its basically a long term set and forget investment. They have done 15% p/a for 5,10 and 20 years. These guys have been around for a long time and know what they are doing.

    Low cost, diversified, very good long term performer, good sanf etc. Their website is pretty good and has everything you need to know on it.

    You could do alot worse than dollar cost averaging into Argo over 10-15 years. You would be very wealthy!

    From their website

    Argo All Ord. Acc. Index

    1 Year -5.5% 2.6%
    3 Years 16.6% 16.1%
    5 Years 16.9% 18.9%
    7 Years 17.8% 12.4%
    10 Years 12.3% 12.3%
    15 Years 14.8% 13.2%
    20 Years 14.6% 12.1%
     
  6. Tropo

    Tropo Well-Known Member

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    It seems you forgot that past performance does not guarantee future performance:rolleyes:

    PS-how you measure wealth?:D
     
  7. FrankGrimes

    FrankGrimes Well-Known Member

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    No it doesn't but they have been around for a long time getting these results.. I don't know about you but I'd rather have my money in something that has proven itself over time.

    Its up to you whether you think it will continue for the next 10-20 years.

    No one knows what will happen though....
     
  8. Tropo

    Tropo Well-Known Member

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    Happy investing :D
    PS-I do not invest in growth funds.;)
     
  9. Redwing

    Redwing Well-Known Member

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    They are at $5.22 at present

    I know its an old thread , but I'm perusing several of interest :D
     
  10. Tropo

    Tropo Well-Known Member

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    As you see from the attached chart (below), ARG slipped nicely from $9.02 (2007) to $4.52 (2009).
    You can compare current ARG chart with one I attached 4 years ago (above) and see what happened to ARG during last 4 years.
    Currently ARG may be a good buy (above 5.32~5.50).
    Pink 30 weeks EMA indicates a buy/sell option.
    If price is above 30weeks EMA = buy, if below = sell.
    I do not use indicators myself, but 30 EMA may guide you if you want to put your money on the line.
    Do not forget that nothing is impossible in the market, so be sure that you do have an exit strategy in place if things turn ugly.
    Anyway...have fun...;)
     

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  11. Redwing

    Redwing Well-Known Member

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    Thanks for the link Troppo

    You dont have one comparing STW to the whole index do you :confused:
     
  12. Tropo

    Tropo Well-Known Member

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    Nope. I am not interested in STW, ETF...