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 timeWe’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. 

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:

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.

    Got a question?
    info@qavpodcast.com.au