QAV Light Weekly Update #49

Hel­lo QAV Light Brigade

It’s anoth­er Mon­day and this is my week­ly report.

The AORD was on Via­gra last week, at least in the sec­ond half of the week, and the Fin pre­dicts the run will con­tin­ue today. The prices of cop­per and iron ore appar­ent­ly played a role in the upbeat mood last week. We had cop­per down as a Josephine last Mon­day but it seems to be back in buy ter­ri­to­ry now. 

Let’s have a look at how our port­fo­lios are doing and what we have to buy and sell.

PORTFOLIO UPDATES

GROUP SUMMARY

The STW had such a strong run last week that it not only caught up to us but is now ahead of us.

The Light port­fo­lios as a group are up 14.8%, ver­sus the STW which is up 18.2%. So we’re now lag­ging the bench­mark by rough­ly 19%. What a dif­fer­ence a week can make!

22.1 Portfolio 

Incep­tion date 18/4/2022. It con­tin­ued its recov­ery last week, but so did the STW. Port­fo­lio 22.1 is cur­rent­ly down 4.3% vs the bench­mark, which is up 1.3% over the same peri­od.

You can see the full chart and trans­ac­tions on the Light home­page.

22.2 Portfolio 

Incep­tion date 08/08/2022. This one con­tin­ues to do very well. Port­fo­lio 22.2 is up 15.2% vs the bench­mark which is up 7.6%.

22.3 Portfolio 

Incep­tion date 7/11/2022. Port­fo­lio 22.3 improved a lit­tle more this week, and is now up 0.3% ver­sus the bench­mark which is up 7.2%.

23.1 Portfolio 

The port­fo­lio we are cur­rent­ly build­ing, 23.1, isn’t full yet (ie we haven’t ful­ly invest­ed our start­ing cap­i­tal, there’s about $4K out of the ini­tial $20K left to invest) but it’s get­ting close. Report­ing from the date of the first invest­ment (14/12/2022), 23.1 is up 3.6% ver­sus the bench­mark which improved a lot last week, and is now up 2.1%.

BUYS

** 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:

AMP CGF FHE GRR IGL JHG MQG NHC NWH PRU QAN QBE RRL S32 SGM WAM WDS WHC

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).

That’s it for today!

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