Calm and quality. This is what you should be thinking as an LIC investor. Remain calm and remember the quality businesses the underlying managers are holding. There is a reason why we entrusted these managers in the first place, they do what a lot of investors cannot. They keep their head as everyone else is losing theirs.
Remember back to last year when the LIC model portfolio kicked off. The ASX200 dropped from 5272 points to as low as 4702. At this time, I had the fortune to talk with some of the market’s most experienced investors.