Hello QAV Light Brigade
It’s Monday and this is my weekly report. Welcome to our new subscribers!
The AORD recovered last week, and the AFR is predicting it will “inch up” today, but everyone’s waiting to see what the RBA does about interest rates tomorrow.
PORTFOLIO UPDATES
As it’s the start of the month, let’s take a look at how our Light portfolios are performing.
LIGHT PORTFOLIO GROUP RESULTS
As a group, our portfolios are down an average of -2% CAGR pa versus the benchmark which is up an average of +2%.
PORTFOLIO 221
This portfolio closed 18/04/2022, just as the market crashed due to the Ukraine war. As a result, were sitting on a lot of cash for a long time, looking for something to buy. It’s still down ~11.5% (STW 0.6%), not much change since last month, but it has been slowly recovering since its low in May. It’s sitting on about 9% cash, which has been hard to invest in recent weeks.
PORTFOLIO 222
This portfolio closed 08/08/2022 and is up ~14% (STW 5.7%). This portfolio has dropped a lot in recent months with about ten sells in the last 90 days, and is sitting on about 8% cash.
PORTFOLIO 223
This portfolio closed 07/11/2022 and is down ~7% (STW +6%). It’s sitting on about 15% cash.
PORTFOLIO 231
This one closed 20/06/2023 and is currently down ~5% (STW -3%). It’s sitting on 22% cash.
FREE WEBINAR
I'll do another one in a few weeks.
SELLS
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:
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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.
- We send you an email every Monday advising which stocks we are adding to our Light portfolio.
- 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.
- 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.
- 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).
- 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