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i could not see  the compelling  angle  here ,  caught my eye ( and imagination  ) yes , several times .


while i have have some nice success in small caps  over the last 11 years  , i was aiming for div. income plus growth  ,  this LIC seemed to go more for capital growth ( without jumping on every 'hot new IPO story'  )


did i make a mistake   by buying  elsewhere  ... ( say in the 2011 to 2018  period )   , maybe  but then  it really  didn't scratch the correct itch  ( for me )


 what about the current scenario of the market  ,  i see a looming credit crunch  , and these small caps.  will certainly be  tested    keeping the cash-flow  positive  , can the fund managers  find enough growth stories to keep the narrative intact  , or does it resort  to robust  small caps  trading at steep discounts , in temporary market moves ( a small cap.  is often a victim  in generic 'flights for safety ' )


a LIC looking for small cap. opportunities in a tumultuous market  ( without resorting to straight out trading  .. like say WAX ) certainly a strategy for the brave contrarian  , but do you wait for the market to be much lower ??? ( when i am more likely to be shopping for GEAR [ the ETF ]  or cherry-picking large and mid caps


 the other problem for LICs in small caps  in trying to get the cash into ( or out of )  without moving the market  , i can shift  my one or two thousand dollar trades  without much difficulty ( most of the time )  , but what about a hundred thou. or even a million  ( without investing in cap. raises , and share placements )


certainly one to watch in a market panic  ( for education ,primarily ) will it be a victim  or master the storm


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