QAV Light Weekly Update #83

Hel­lo QAV Light Brigade

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

A dis­mal week on the AORD despite the RBA hold­ing rates steady, “dragged down by falls in tech stocks”, accord­ing to this morn­ing’s AFR. 

PORTFOLIO REPORTS

I tend to report on how our port­fo­lios are going at the start of every month but I did­n’t report last week because we’re hav­ing grow­ing con­cerns with how Navexa is cal­cu­lat­ing both our return and that of the STW.

As an exam­ple, for our 221 port­fo­lio, which had a clos­ing date of 18/4/2022, Navexa is report­ing the STW as being up 1.7% CAGR, despite the fact that the STW on 18/4/2022 was at $70.26 and today it’s at $65.12. We can’t under­stand how Navexa can report it as up when it is clear­ly down over that peri­od of time. We’ve tried ask­ing the folks at Navexa to explain how they cal­cu­late it, but we’re get­ting nowhere.

I’m look­ing for a dif­fer­ent inde­pen­dent report­ing plat­form but, in the mean­time, I’ve done my own CAGR reports using the stan­dard for­mu­la:

The bot­tom line is that we’re still under­per­form­ing the STW, but at least this cal­cu­la­tion gives a more rea­son­able view of what the mar­ket has been doing since we launched QAV Light. It’s down near­ly 11% and we’re down 17%.

FREE WEBINAR

I’ll do anoth­er one in a few weeks. 

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:

CCP FHE FPR IGL JHG PLS NHC QAN QBE RMS SGM VEA VUK WAM WHC KAR BPT BSL WDS

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).
5. If you have any ques­tions about our ter­mi­nol­o­gy (eg “3PTL”, “Rule 1”, “Pos­si­bles”, etc), please first refer to our QAV Ter­mi­nol­o­gy page, and if you have fur­ther ques­tions, just email Cameron.

That’s it for today!

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