Hap­py Mon­day!

Let’s see where things are at today.

All the best,
Cameron

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PORTFOLIO UPDATES

The mar­ket was up over the last week.

As a group, our four Light port­fo­lios were down slight­ly, ‑0.7%, com­pared to the bench­mark which was up +0.4%.

The best per­former for the week was again MYR (+17%!), and the worst was FND (-29%!).

FND came out with their Half Year Report on 29/11, report­ed a net loss, and the mar­ket dumped them pret­ty hard. We’re still up 64%, so we can’t com­plain, but it’s nev­er fun to see gains dis­ap­pear like this overnight. We’ve talked them a lot over the last year. Impres­sive busi­ness with a great mar­ket oppor­tu­ni­ty in India. 

Since incep­tion (Feb 2022), the Light group is +8.3% pa, slight­ly low­er than the index (+11.4%).

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SELLS

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BUYS

CURRENT HOLDINGS

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** 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:

ABA AGL ANZ BOQ FHE FPR MMS PRN PRU QBE RMS RSG SSM SUL WAM WGX GEM TLS

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]

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And here’s my video of the week.

Unlike my Amer­i­can wife, I did­n’t grow up watch­ing Bob Ross. I don’t think he was on in Aus­tralia back on those days. But now he’s a reg­u­lar part of our Sun­day morn­ings. No calmer way to start the day than Bob’s sooth­ing voice. And as he always reminds us, enjoy the “Hap­py Lit­tle Acci­dents” in life.