INVESTING STRATEGY
Are LICs Like AFIC and Argo ever discounted?
Been reading low cost, reputable LICs like AFIC and Argo are quite competitive to ETFs. Have read that they should be purchased when they are discounted (5%). How do you determine this? Are any currently discounted?
James Anderson.
18 December 2024
1 Comments
26 days ago
Hey James.
Each month the LIC reports what their NTA (net asset value) on the portfolio is. They release this news which you can find on the ASX website, or the LICs own website, or a broker that shows news updates.
From there you can look at the ‘end of month’ figure and then see how it compares to the share price of the LIC. Most of the time there is a lag because you only have the end of month figure to work with, so for a rough estimate you can look at how much the market has moved since then and estimate what the updated NTA would be.
Here’s one spreadsheet which tracks a few and is usually accurate, but worth double checking (or estimating at least): https://docs.google.com/spreadsheets/d/1zaMMw...
All the best.
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