QAV Light Weekly Update #120

Hap­py Mon­day!

I want you
and only you and only you and
only you, my love
I need you
and only you and only you and
only you, my love
I can’t believe that you would fall
for all the crap in this song

One of my favourite bands, SPARKS, from their track “I Can’t Believe That You Would Fall For All The Crap In This Song”. This one makes me thing about the peo­ple we talked about on last week’s pod­cast, the ones who invest in com­pa­nies that lose mon­ey, believ­ing the crap about how much mon­ey they are going to make some dis­tant day in the future. 

The mar­ket dropped late last week but is up again today, “rebound­ing from Friday’s sharp sell-off as inter­est rate con­cerns sparked late last week cooled over the week­end.”

PORTFOLIO UPDATES

As a group, our four Light port­fo­lios are cur­rent­ly track­ing at about +4.5% pa, which 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, FND was up 15% (I’m glad we did­n’t Rule 1 it), MLG was up 10%, VVA up 9%, but we had to sell ADH and KSL.

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:

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]