Season 3, Episode 10
PLAY BY THE RULES
Today we answer your questions about why we’re buying back into the market even though Tony has doubts over the recovery – how we account for the quality of management in our analysis – how much attention Tony pays to volume of shares traded – Stock Doctor’s “Price to Cashflow” and “Price to NTA” filters – how to calculate three-point trend line sell signals – how the checklist weights ‘quality’ vs ‘value’ metrics – how patient Tony is with a stock if it drops soon after he buys it (versus “you breach you gone”) – Stock Doctor’s diluted weighted no. of ordinary shares vs ‘Fully Paid Ord. Shares’ – HAW’s future cash flow – Milton Corporation’s conference call – and how to go about setting up a brand new portfolio.
IF YOU WANT TO GET THE MOST OUT OF THE SHOW & LISTEN TO A MULTI-MILLIONAIRE INVESTOR TALK TO YOU ABOUT HOW HE THINKS ABOUT STOCKS FOR A FULL HOUR EVERY WEEK….
Listen to Free Episode
In our first episode of 2021, we review our portfolio’s CY20 performance; margin loan rates; What TK does on a daily/weekly basis for managing his portfolio; relative QAV performance of large vs mid vs small cap companies; the ‘minimum’ amount of stock someone just getting started should buy; fudging ECX and VUK; whether or not we should rebalance every so often; Tony’s views on CSL; the recent drop in the prices of some gold miners; understanding the formula in column BK of the master checklist; why companies can have a quality score of >100%; and Stock Doctor problems regarding reporting of director holdings.
This is my highlight show for 2020. Obviously, from an investing perspective, 2020 was all about how to handle Australia’s first recession in 30 years and a major market correction, so I’ve pulled together some of Tony’s comments on those subjects in the first half of the year. To finish off the episode, I picked a couple of clips of TK talking about the miracle of compounding and why investors need to embrace volatility.