Hello QAV Light Brigade

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

Here’s the AORD chart for the last week. As value investors around the world mourned the passing of one of our prophets, Charlie Munger, the markets gave him an appropriate send-off with a bit of positive cheer. 

In other news, GOLD is now a buy again, and that’s given us some options today. See the BUY section below for details. 

 

 

 

PORTFOLIO UPDATES

As it’s the start of the month, let’s take a look at how our Light portfolios are performing.

For the record, as of this month, I’m now reporting this using Navexa’s new “All Time” option, eg from the first trade, mostly because it’s easier, and also because it should take into account the time we were sitting on cash and factoring that into our CAGR performance. 

 

LIGHT PORTFOLIO GROUP RESULTS 

As a group, our portfolios are down an average of -0.02% CAGR pa versus the benchmark which is up about ~+5.5%.

 

PORTFOLIO 221

This portfolio closed 18/04/2022, just as the market crashed due to the Ukraine war. Horrible timing. As a result, we have been sitting on a lot of cash for a long time, looking for something to buy. It’s still down ~5% (STW +5%), but it has been slowly recovering since its low in May. I only managed to invest the last of its cash again in recent weeks. 

PORTFOLIO 222

This portfolio closed 08/08/2022 and is up ~12% (STW 2.5%). This portfolio as recovered in recent months and I just recently got rid of the excess cash. 

PORTFOLIO 223

This portfolio closed 07/11/2022 and is down ~3% (STW +7%). All cash is again invested as of today’s trades.

 

PORTFOLIO 231

This one closed 20/06/2023 and is currently down ~3% (STW +5%). I’ve finally re-invested all of its cash as of today as well.

 

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:

ALD ANZ BPT DTL EHE FHE FPR MMS PRU QBE RMS SSM SUL VEA VUK WAM WGX

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