QAV Light Weekly Update #51

Hel­lo QAV Light Brigade

It’s anoth­er Mon­day and this is my week­ly report.

Despite a big dip ear­ly in the day on Wednes­day, it was anoth­er strong week for the AORD.

As you can see from the 1 year chart, the mar­ket has been gen­er­al­ly going up since it bot­tomed out in Sep­tem­ber and we are almost back to where we were before the crash last April. I feel sad for the peo­ple who start­ed their invest­ing jour­ney at the begin­ning of last year but then capit­u­lat­ed in August and cashed out. To be an investor, you have to think long-term.

Let’s have a look at how our port­fo­lios are doing and what we have to buy and sell. 

We’ve also decid­ed to make some changes to how QAV Light works — please read more in the “BUYS” sec­tion below. 

PORTFOLIO UPDATES

GROUP SUMMARY

The Light port­fo­lios as a group are up 17.81%, ver­sus the STW which is up 22.95%. So we’re cur­rent­ly lag­ging the bench­mark by 22%.

Here’s a spread­sheet con­tain­ing all of our cur­rent hold­ings. Of course, you should NOT treat this as a shop­ping list, as many of these stocks are now no longer val­ue buys, as their share price has gone up since we bought them (yay!). It’s just a record of what we are hold­ing. 

22.1 Portfolio 

Incep­tion date 18/4/2022. This port­fo­lio dipped last week, most­ly due to NHC, which fell 12%. We can’t real­ly com­plain, though, as it’s still up 104% since we bought it last April, and it def­i­nite­ly the star per­former in the port­fo­lio. Any­way, Port­fo­lio 22.1 is cur­rent­ly down 4.3% vs the bench­mark, which is up 3.3 % over the same peri­od.

You can see the full chart and trans­ac­tions on the Light home­page.

22.2 Portfolio 

Incep­tion date 08/08/2022. This port­fo­lio con­tin­ues to per­form very well. Port­fo­lio 22.2 is up 22.2% (no, that’s not a typo!) vs the bench­mark which is up 9.8%.

22.3 Portfolio 

Incep­tion date 7/11/2022. Port­fo­lio 22.3 dipped last week, and is now up 1.7% ver­sus the bench­mark which is up 9.4%. Again, NHC was the main cul­prit, but WHC was also down by 9.7%. Coal stocks are tak­ing a hit at the moment.

23.1 Portfolio 

We final­ly fin­ished build­ing this port­fo­lio (ie it became ful­ly invest­ed) last Mon­day (23/1/2023). So I’ll start report­ing its per­for­mance from that date. As of today, it’s down 1.79% vs the STW which is up 0.45%. The main stocks that pulled it down over the last week were TER (coal stock, down 13.5%), YAL (coal stock, down 12.7%) and WAF (gold stock, down 11.9%). None of them are in sell ter­ri­to­ry for us yet, but I’ll let you know if that changes.

This is the last port­fo­lio we’re going to build for the time being. See below under the “BUYS” sec­tions for a longer expla­na­tion.

BUYS

** Please remem­ber to review our Buy­ing Guide­lines to under­stand which cap bands you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. 

DISCLOSURE

In the inter­est of full dis­clo­sure, we would like to advise that, as of the date of this email, the QAV team cur­rent­ly hold these stocks in their per­son­al port­fo­lios:

AMP CGF FHE GRR IGL JHG MQG NHC NWH PRU QAN QBE RRL S32 SGM WAM WDS WHC

Please note that our per­son­al hold­ings might not include the stocks we rec­om­mend in QAV Light. This is because we already have full port­fo­lios (15–20 stocks) and can only add new stocks if we have to sell some­thing.

If you’re inter­est­ed in learn­ing more, please review our trad­ing and dis­clo­sure pol­i­cy.

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works.

1. We send you an email every Mon­day advis­ing which stocks we are adding to our Light port­fo­lio.
2. You can copy our trades, but please remem­ber to review our Trad­ing Guide­lines to under­stand which cap you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. And con­sult a finan­cial plan­ner before mak­ing any deci­sions.
3. We don’t rec­om­mend that you add stocks which are already in our port­fo­lio. Their posi­tion on our buy list might have changed since we rec­om­mend­ed them. Just start with the stocks rec­om­mend­ed after you become a mem­ber.
4. If one of the stocks we add breach­es one of our sell con­di­tions, we will sell it from our port­fo­lio and you’ll get an email advis­ing of the trade. Again, you can copy our trades, but seek finan­cial advice before mak­ing any deci­sions. And please check your Rule #1 price (see Trad­ing Guide­lines).

That’s it for today!

If we decide to buy or sell some­thing, we’ll let you know.