Australian Foundation Investment Company Limited

So always take that into consideration.

Now, that's unlikely to happen for someone, for a company like, I don't know, Australian Foundation Investment Company or Telstra.

They've been paying these reliable dividends for so long to their investors that it's likely to continue.

But they don't technically have to pay it.

He works in, um, uh, in setting up, uh, whatchama call-ems, uh, self-managed super funds.

So he very much advised me, "Maybe if you just put some money, you know, in a listed investment company." So I've got Australian Foundation Investment Company, which I bought in at 570 and I still hold today.

And then my absolute shocker, I've got an absolute shocker, Vita Group.

Vita Group, when I look at it in retrospect, such a bad investment 'cause Vita Group essentially runs Telstra's retail stores.

Um, so you don't have to pay asset managers to try and beat the market when the data shows that the asset managers can't beat the market.

I mean, in Australia we've got a good, um, we've got a good couple of big listed investment companies in Argo and Australian Foundation Investment Company.

Um, and their fees are pretty much the same as the, the VAS that was mentioned in the question, which is just an ETF for the top 300 Australian shares.

So we're kind of lucky in that way.