QAV Light Weekly Update #162

Hap­py Mon­day, Light Brigade!

I hope you had a great week­end. I man­aged to get in three hours of kung fu train­ing on Sat­ur­day, caught up with friends (from kung fu) for din­ner on Sat­ur­day night, and then had a pret­ty relax­ing day yes­ter­day.

Any­way… let’s see where things are at with our Light port­fo­lios this week.

All the best,
Cameron

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PORTFOLIO UPDATE

After anoth­er tur­bu­lent week The AFR is report­ing this morn­ing that “The Aus­tralian share­mar­ket is set to rise more than 1 per cent on Mon­day after US equi­ties post­ed their strongest ral­ly since the US pres­i­den­tial elec­tion and traders wait­ed for new Chi­nese stim­u­lus.”

In the last week, the Light Group of port­fo­lios were +0.47% vs the index which was ‑2.06%.

The best per­form­ers for the week were MLX (+26%!!) and AMI (+12%). The worst were RMS (-19.61% and the news today is that it is acquir­ing the rest of Spar­tan Resources Lim­it­ed (ASX: SPR)) and CCV (-7.8%).

Since incep­tion, the LIGHT GROUP is + 6.96% p.a., ver­sus the index + 8.05% p.a.

For the cur­rent FY, the LIGHT GROUP is +5.6% p.a., ver­sus the index +3.96% p.a.

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SELLS

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BUYS

CURRENT HOLDINGS & HISTORICAL TRADES

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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 

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.

You may have heard me talk on the pod­cast recent­ly about my obses­sion with Shostakovich. If you haven’t checked him out yet, here’s a great per­for­mance of his String Quar­tet No. 8. He wrote it in THREE DAYS in July 1960 and one of his friends sus­pect­ed it was sort of a sui­cide note. It con­tains ref­er­ences to all of his pre­vi­ous work and, of course, his ini­tials (one of his trade­marks was to write his own his Ger­man­ized ini­tials DSCH (D/Eflat/C/B) into his music). For­tu­nate­ly, he lived anoth­er 15 years and wrote more mar­vel­lous music dur­ing that peri­od. Warn­ing: this is the oppo­site vibe of my Robert Forster track from last week. This is per­haps some of the sad­dest, most trag­ic  music ever writ­ten, but that makes it kind of per­fect for the mar­ket’s tur­bu­lence at the moment. 🙂