What to do in this market: LIC managers weigh in

We asked two very different LIC managers what investors should do in the current volatility – their answers are strikingly similar.

Summary: Two LIC managers were asked what they would do as an SMSF investor in pension mode, facing the turbulent market conditions over the last month. Their messages were clear: investors should stay calm, focus on quality stocks in industries that they understand, and know that good quality investments will rebound faster than bad.

Key take out: Both Tom Millner and Sebastian Evans say that the worst thing you can do in this volatility is panic and sell good quality investments.

Key beneficiaries: General investors. Category: LICs.

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