QAV Light Weekly Update #59

Hello QAV Light Brigade

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

Well… that was another crazy week.

But TK’s 60th birthday party on Saturday was a huge night. The Angels played a private gig at a bar in Sydney. TK is in the loud Hawaiian shirt. He’s off to the USA for five weeks today. Tony – am I ever going to see your face again? Don’t answer that. 

PORTFOLIO UPDATE

We had a good suggestion from listener Peter R last week. Lately we’ve had a few situations where there were stocks on the buy list that I couldn’t buy because we already held two parcels of them – the limit we’ve set ourselves to avoid over-concentration. But, as Peter pointed out, some Light subscribers might not hold two parcels of them yet, so it would be good to advise members of the buying opportunities. My concern was that, as we aren’t buying them at the current price, and therefore wouldn’t be tracking them, we wouldn’t be able to advise members when they became a Rule 1 sell. TK had a good idea – just create a new portfolio called “Possible Buys” which don’t actually become part of our official portfolios (ie we won’t report on their performance) but we can still track them and advise when they become a sell. So I’ve set that up and will start that process today. More work for me, but it keeps me off the streets, I guess.

BUYS

POSSIBLE BUYS

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:

BSL FHE GRR HLI IGL JHG MQG OML PRU QAN QBE RMS SGM WAM WAF

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.