I wonder if someone will enlighten me on two issues:
1. Would it be fair to say that there should not really be any difference in the long term growth/SP (in % terms) of an index ETF such as STW and that of a large LIC which invests in ASX 200 companies such as ARG or AFI.
2. Is there any difference, from a tax perspective, of the dividends from an LIC versus the distributions from STW. Which is more tax efficient? I suspect it is the LIC's but I may be wrong.