How safe are LIC's long term right now?
My GF has $60k invested in 4 portfolios with WAM (wilson asset management) since 2013 or so, that her dad set up for her. We brought up the idea of potentially pulling out of the shares, her dad insists to keep it in there says it will bounce back...
WAM Capital Limited (WAM) is an investor in listed Australian equities. WAM concentrates mostly on small to medium industrial companies and the portfolio is managed by Wilson Asset Management (International) Pty Ltd.