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Future Generation Investment Company (FGX)

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by austing, 17th Sep, 2016.

  1. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
  2. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    Last edited: 29th Sep, 2016
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  3. twisted strategies

    twisted strategies Well-Known Member

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    3rd Nov, 2013
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    Location:
    QLD
    i was offered this during the AIX take-over , but took the cash ( sad to be taken-over but had a very profitable time with AIX )

    i hold RCG ( at no cash risk ) , CCP (at no cash risk ) and ALQ ( i am not perfect selecting stocks )

    add in the LICs i already hold
    WAX (at no cash risk ) , AOD , BKI , CAM , CDM , CIE , ( FGF a long sad story ) , IBC , OZG , WIC .

    i think i prefer 'hands on '
     
  4. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    I'm the opposite. It's hands off for me nowadays. Besides I thought someone said it can make you go blind. Maybe I'm getting mixed up with something else:confused:? If something goes wrong I can blame someone else:D.

    The low fee LICs are the main game for us. FGX is only a relatively small holding in our portfolio. Rather than own a number of the high fee active and alternate LICs I just use this to cover the lot. And it comes without the high fees. All Mgrs go through good and bad times so this just spreads the risk across a number of them. I suppose it's all I'm prepared to bet on giving the highly actives and alternates the benefit of the doubt:).

    A reminder of the Mgrs involved with FGX follows. A lot of big names including WAM, Watermark, Bennelong etc:

    http://www.asx.com.au/asxpdf/20160912/pdf/43b3rmh5ryrs7v.pdf
     
    Last edited: 29th Sep, 2016
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  5. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
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    Location:
    QLD
    i don't mind the fees as long as the ACTUALLY work for them ( not just change the maths used to calculate their bonuses ) ,

    and i prefer to fine-tune as opprtunity arises ( today almost added extra CIE for example )
     
  6. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    I must admit I haven't looked at CIE for awhile. I've tended to avoid Contango in the past. Their microcap fund CTN has been a poor performer. CTN has Picked up a bit more recently but so it should given the strong bull market in that area of the market.

    Perhaps now they have Boubourus things might be on the improve.

    I Will start a new thread seeing we're on the subject.

    Please add your view there @twisted strategies to get the thread underway if you don't mind. No doubt you know a lot more about it than me.
     
    Last edited: 29th Sep, 2016
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