QAV Light Weekly Update #122

Hap­py Mon­day!

I know it’s a pub­lic hol­i­day in some parts of Aus­tralia, and although I don’t know how many actu­al­ly care about Char­lie’s birth­day, the mar­ket is closed today. But it’s a reg­u­lar day in QLD, so I’m at my desk.… just like I would be if it was a pub­lic hol­i­day, because there’s no rest for the wicked pod­cast­ers. 

The mar­ket had a good end to the week, in fact it had its best week of 2024, “after rate cuts from two major cen­tral banks buoyed inter­est rate hopes head­ing into the long week­end.” 

I don’t expect it will last long, how­ev­er, as over the week­end we were told that “Strong US jobs growth dash­es hopes of rate cut as Wall Street stocks close low­er”.

PORTFOLIO UPDATES

As a group, our four Light port­fo­lios were slight­ly down over the last week. 

The biggest declines were from MLX, MLG and MSV. The biggest increas­es were from EVO, RRL and good ol’ DUR, which has fall­en a lot since the begin­ning of this year but has still been a sol­id per­former for us in the last cou­ple of years. 

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]