QAV Light Weekly Update #80

Hel­lo QAV Light Brigade

It’s Mon­day and this is my week­ly report. Wel­come to our new sub­scribers! 

The mar­ket did­n’t have a great week, “dragged low­er by con­cern about a dete­ri­o­rat­ing eco­nom­ic out­look in Chi­na”, accord­ing to the AFR.

“The min­ing sec­tor was the biggest drag on the share­mar­ket, tum­bling 4.3 per cent over the week amid a batch of weak eco­nom­ic data out of Chi­na and fad­ing opti­mism among investors that Bei­jing will step in to kick­start a recov­ery.” 

We are heav­i­ly invest­ed in min­ing stocks, but we did­n’t fall as much as the bench­mark.

Top per­form­ers were WSI (+10.26%, rebound­ing from being one of last week’s worst per­form­ers) and NTD (+9.686%). Worst per­form­ers were actu­al­ly not min­ing stocks — SSG (-5.31%) and MYR (-5.22%), fol­lowed closley by lithi­um min­er PSL (-5.21%).

For the FY so far, we’re slight­ly up ver­sus the bench­mark which is slight­ly down. 

FREE WEBINAR

I’ll do anoth­er one in a few weeks. 

BUYS

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:

AFG CCP FHE FPR FMG GNC IGL JHG PLS QAN QBE RMS SGM VEA VUK WAM 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).
5. If you have any ques­tions about our ter­mi­nol­o­gy (eg “3PTL”, “Rule 1”, “Pos­si­bles”, etc), please first refer to our QAV Ter­mi­nol­o­gy page, and if you have fur­ther ques­tions, just email Cameron.

That’s it for today!

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