QAV Light Weekly Update #119

Hap­py Mon­day!

Dig me out
Dig me in
Out­ta this mess, baby, out­ta my head

Amer­i­can all girl punk band Sleater-Kin­ney (who Chris­sy and I saw live last Fri­day night) in “Dig Me Out”, explain­ing the feel­ing we’ve all had when we make a bad invest­ment, espe­cial­ly in the days before we had a sys­tem to tell us what to buy and sell. It also explains a cou­ple of my mar­riages (but not this one, I has­ten to add… bet­ter stop before I get myself in trou­ble). 

Well the mar­ket had a bet­ter week and is up today, as the “share­mar­ket has moved with­in 50 points of its record high, buoyed by gains across the min­ing sec­tor includ­ing from index heavy­weights BHP and Rio Tin­to.”

PORTFOLIO UPDATES

As a group, our four Light port­fo­lios are cur­rent­ly track­ing at about +4.5% pa, wghich is about 50% of the STW bench­mark since incep­tion (Feb 2022).

QAV, of course, is a long-term strat­e­gy, and that entails some years where we out­per­form, and some where we under­per­form. We were sit­ting on lots of cash dur­ing 2022 — 2023, wait­ing for the mar­ket to sta­bilise, and con­se­quent­ly lagged the index for long peri­ods. Our five-year old QAV port­fo­lio is still doing dou­ble the STW and we expect these to as well over the long term.

The last week has been anoth­er mixed bag. In the last sev­en days, MLX was up 16%, MAH was up 12%, AMI up 10% (revers­ing its loss­es from the pre­vi­ous week), but we had to sell SGI, MLG and TBR. 

SELLS

BUYS

CURRENT HOLDINGS

** Please remem­ber to review our Buy­ing Guide­lines to under­stand which cap bands you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. 

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:

ADH ALD ANZ ASB FHE FPR GNC MMS PRU QBE RMS RSG SSM SUL WAM WGX GEM

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 come across any QAV ter­mi­nol­o­gy that you don’t under­stand (eg Rule 1, 3PTL, Pos­si­bles, etc), please review our ter­mi­nol­o­gy guide or just email us for clar­i­fi­ca­tion.

That’s it for today! 

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

Got a ques­tion? 
[email protected]