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i hold WAX ( since September 2011 )

now like many boring shares  , the trick is  to buy them  when they are cheap  ( not only at a discount to NTA , but when yielding a good div. return  ) i got mine under 70 cents  a share

 now WAX scratched an itch  , i wasn't good at  , scanning through the small caps  including areas i wouldn't normally go

 WAM with it's focus on larger cap. stocks  wasn't able to do something i could do myself ( if i chose to ) so i never found it attractive  ( and even sold two other LIC holdings  rather than be given WAM in a take-over deal