Hello QAV Light Brigade

It’s another Monday and this is my weekly report. Apologies that it’s coming out rather late in the day. Tony and I recorded a new episode this morning and there were a lot of stocks to work through, because…

The AORD had a surprisingly positive week!

And as it’s the start of a new month, let’s take a look at how our portfolios are doing. There’s nothing to sell today, but plenty to buy! Time to get rid of some of that cash we’ve been sitting on.  

 

PORTFOLIO UPDATE

GROUP SUMMARY

The Light portfolios as a group are up 5.02% CAGR p.a., versus the STW which is up 7.33%. So we’re currently lagging the benchmark by 32%, but we’ve improved a lot since our last report, despite the extreme choppiness in the market.

22.1 Portfolio 

Inception date 18/4/2022. Portfolio 22.1 is still currently down 9.8% vs the benchmark, which is down 0.36% over the same period. I thought this would actually be looking a lot better, seeing as one of the stocks in the portfolio, ALO, went up 45% in a single day last week (and is up 80% since we bought it) after an acquisition was announced by Next Capital. You can see the bump in the chart below. Not enough to get us back up into the black, though. Still, there’s a good reminder in the ALO experience – if we think a stock is undervalued, someone else probably does, too.

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 23.39% vs the benchmark which is up 5.8%.

 

22.3 Portfolio 

Inception date 7/11/2022. Portfolio 22.3 is down 5.05% versus the benchmark which is up 5.31%.

23.1 Portfolio 

Inception date 23/1/2023. As of today, it’s down 3.52% vs the STW which is now down 3.42%. So pretty much neck and neck with the benchmark.

 

 

 

SELLS

THIS CONTENT IS ONLY AVAILABLE TO QAV LIGHT AND CLUB SUBSCRIBERS.

BUYS

THIS CONTENT IS ONLY AVAILABLE TO QAV LIGHT AND CLUB SUBSCRIBERS.

 

 

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 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.

    Got a question?
    info@qavpodcast.com.au