Mailbag, incl: Are LICs on the way back? September 6, 2026

SPEAKER_1 (0:02)

A LiSTNR production.

Scott Phillips (0:04)

Cheers to the S&P, the ISX stocks.

SPEAKER_1 (0:07)

This is the Motley Fool Money mailbag.

Scott Phillips (0:10)

Yes, it's special. Yes, it's Sunday, and welcome to Motley Fool Money, because this is your Sunday morning mailbag, made only more special. Because another S word, strawman.com. Australia's premier online investment club, the club that really is the one you'd want to be a member of and have, except you, unlike Groucho Marx, never wanted to be a member of a club that would let him in. And the reason is because this man looks terrible with a moustache and cigar. He is of course, Andrew Ram Page. How are you, mate?

Andrew Ramp Page (0:39)

Look, I take exception to that, because...

Scott Phillips (0:41)

Which bit?

Andrew Ramp Page (0:42)

I, well, I don't actually mind a bit of stogie every now and again. It's a bit of a treat. I can never make it through the whole thing, but it's just like-

Scott Phillips (0:49)

I have seen you a day with a moustache of sorts, too.

Andrew Ramp Page (0:52)

Oh, well, that was the main, the way I took Umbridge at that, because I can't, look, my facial hair game's not great. I've never been great, except, except for the upper lip. Oh, I'll mervhughes the hell out of that.

Should I choose? Should I choose?

Scott Phillips (1:09)

As the cool kids will say mate, photos or didn't happen?

Andrew Ramp Page (1:12)

Well, I do have photos.

Scott Phillips (1:13)

Here we go.

Follow Andrew on sage underscore simian on Twitter, and I'm sure you'll see a photo. Well, you can ask him nicely, I'm sure he'll oblige.

Andrew Ramp Page (1:21)

There's something that everyone is sporting a mo right now, knows what I'm talking about. There's something addictive about it. And the more, and it's hated on, people love to hate on the mo, right?

And the more that it gets hated on, the more it strengthens your resolve.

Scott Phillips (1:38)

Particularly if it's a partner. You feel nothing but a contrarian.

Andrew Ramp Page (1:40)

Exactly, right? Like if your partner is sort of like, I hate that. It's like, thank you, that has given me added motivation.

Scott Phillips (1:50)

Oh, this is a man with stubborn independence, or who knows that he's already owned his wife's bad side, one of the two. Because willingly going down that path, mate, I'm not as brave as you put it that way. Well done, well done.

Andrew Ramp Page (2:02)

She's too smart though, because she knows exactly. So she's usually like, he'll tire himself out after he just, you know. Just let him go, just let him go. She treats me the same way she treats the kids. It's like, he'll run out of puff.

I just, my strategy is just don't give him oxygen. And, you know.

Scott Phillips (2:20)

He's looking for the reaction, right? Yeah.

Andrew Ramp Page (2:22)

It's like, if ever we go to like, catch up with friends or whatever, she'll know like, that guy over there, he's the one that you want to talk to. And do not talk over there. It's like, well, I don't know. It's like, no, he's interested in X-Ways. Like, all right, boom. And he's like, he just safely puts me in that corner of the cot, where the blast radius isn't too big.

Scott Phillips (2:43)

All I'm hearing is joking.

SPEAKER_1 (2:43)

Keep away from the adults.

Scott Phillips (2:45)

I'm sure the joke about, you know, someone's a vegan, don't worry, they'll tell you. I'm assuming it's that sort of conversation. It's, oh, you want me to diss it well, yeah? Yeah, yeah, I hear that you like the B word. Oh, here we go.

Oh, you guys should have little secret handshakes, a little orange lapel badges or something.

Andrew Ramp Page (3:01)

Oh, we do, we do. Don't you worry.

Scott Phillips (3:05)

Good to know, good to know. Oh, with that very funny intro, let's get on with some questions from our listeners, mate. We got one from Devin, who says, dear Podmachine overlords, never mind, we'll take that. I got that. I'm a medium term listener and a first time emailer. I thought I would start by telling you my age for no other reason than wanting to be called a bastard, while I'm still, quote, young enough. I am 37, bastard. So I fear I'm heading towards the cutoff point. Now, so the good thing for you, Devin, is you'll always be a bastard because you'll always be younger than me, mate. And that's not an arbitrary line, it's a relative line, mate. So yeah, if I'm not, you might then call me a bastard twice. All right, you're a bastard. My question is in regards to your recent episode that touched on the Sovereign Wealth Fund. I've heard you bemoan the fact that we don't have one before, but it has come to my attention that we do. Maybe it's called the Future Fund.