The market collapsed again yesterday and, perhaps surprisingly, we only have one stock to sell and it’s not even in one of our actual portfolios. It’s a “possible”.

It’s been a tricky month, as we’ve been forced to sell a lot of stocks and been unable to find much to buy, so we’ve been sitting on a lot of cash in all of our portfolios. This, of course, is going to negatively affect their short-term performance versus the benchmark, because that cash isn’t doing anything.

But, as we keep saying on the podcast, and I can’t stress this enough – this is situation normal. When the market eventually begins to recover, as it always does eventually, we’ll be able to buy lots of great companies at cheap prices and ride the market back up. That’s how it has always worked in the past and this time shouldn’t be any different. It just requires patience and resolve to wait it out and have the confidence that the system will tell us when the time is right to buy back in. 

SELLS

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

 

 

BUYS

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

CURRENT HOLDINGS

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

** 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:

AFG FHE FPR IGL JHG MQG QAN QBE RMS SGM WAM

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