This is my first post here, so please go easy on me
I have $100k to invest and I wish to do so wisely, but not completely risk-adverse. Since I'm not much into stock trading and would rather leave it to the pros, I think managed funds are a good option for me. I've found the following two funds have both delivered decent results over the last few years. Clime is a bit more conservative and II is higher yield and more aggressive:
- The Clime Australian Value Fund
- The Intelligent Investor Value Fund
All this aside, I have heard there are plenty of reasons NOT to go with managed funds and buy LIC shares instead. One of them having to do with dividends being "fully franked" (what's that?), another one being lower fees and yet another being that you can often buy them below their NTA if you time it well.
Is this true? Are LICs a better choice for people who prefer a hands-off approach? Who has experience?