QAV Light Weekly Update #107

Hap­py Mon­day!

I find it hard to tell you ’cause I find it hard to take
When peo­ple run in cir­cles, it’s a very, very
Mad world

The ear­ly 80s clas­sic by Tears For Fears, teach­ing us a lot about the mar­ket this morn­ing. 

What’s all that got to do with the AORD?

It has been a bit of a Mad World in the last month, with a cou­ple of huge drops, pre­ced­ed and fol­lowed by record highs. 

As War­ren Buf­fett says in his lat­est Annu­al Let­ter: 

“Though the stock mar­ket is mas­sive­ly larg­er than it was in our ear­ly years, today’s active par­tic­i­pants are nei­ther more emo­tion­al­ly sta­ble nor bet­ter taught than when I was in school. For what­ev­er rea­sons, mar­kets now exhib­it far more casi­no-like behav­ior than they did when I was young. The casi­no now resides in many homes and dai­ly tempts the occu­pants. One fact of finan­cial life should nev­er be for­got­ten. Wall Street — to use the term in its fig­u­ra­tive sense — would like its cus­tomers to make mon­ey, but what tru­ly caus­es its denizens’ juices to flow is fever­ish activ­i­ty.”

PORTFOLIO UPDATE

Our com­bined port­fo­lios dropped late last week due to the vicis­si­tudes of report­ing sea­son. 

The biggest win­ner in the last week was MMS (up 21%) and the biggest los­er was ATP ( last week’s biggest win­ner, this week down 21%).

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:

ADH ALD ANZ DTL EHE FHE FPR GNC MMS QBE RMS SSM SUL VUK WAM WGX BSL WDS 

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]