How safe are LICs through this time? (such as WAM)
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 eventually and be fine. She is only 28 and the purpose is long-term nest egg, no urgent need to withdraw it now, but is there a chance she could lose it all?
It seems like the consensus forecast is that we…
