QAV Light Weekly Update #70

Hel­lo QAV Light Brigade

It’s Mon­day and this is my week­ly report. Wel­come to all of our new sub­scribers! 

Today is appar­ent­ly the “King’s Birth­day” hol­i­day and the mar­ket is closed. Thanks a lot, Mr King. I’m work­ing any­way, so here’s my week­ly update. 

Well it was­n’t a great week on the Aussie mar­kets, despite the US mar­ket going into a bull mar­ket accord­ing to the AFR.

 

The one year chart of the AORD (below) shows what a one-step-for­ward, one-step-back­ward year it has been. Hard­ly any growth at all over the year.

 

But the two year chart is even worse. It’s actu­al­ly neg­a­tive.

 

 

While it’s tempt­ing to just throw our hands in the air and get out of the mar­ket, we know from his­to­ry that mar­kets always turn around and you have to be in it to win it. It pays to take a long term view and stay dis­ci­plined.

 

It’s a good time to review our max­ims!

 

 

On the pos­i­tive side of things, tin has just become a com­mod­i­ty buy, so we have some­thing to buy when the mar­kets open again tomor­row.

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:

AFG CKF FHE FPR GNC IGL JHG KAR MQG QAN QBE RMS SGM VEA 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.