QAV Light Weekly Update #109

Hap­py Mon­day!

Would­n’t it be good to be on your side?
The grass is always green­er over there
Would­n’t it be good if we could live
with­out a care?

Nik Ker­shaw on my Spo­ti­fy playlist this morn­ing, explain­ing how val­ue investors some­times feel when they watch stocks with insane P/E ratios con­tin­ue to sky­rock­et despite no log­i­cal way to jus­ti­fy why you would pay 10X their intrin­sic val­ue. Per­haos peo­ple who live with­out a care can jus­ti­fy that approach to invest­ing (which is real­ly ‘gam­bling’ in my book). Any­way… back to real­i­ty. 

Mean­while, the local stock mar­ket had a re-think this morn­ing, “fol­low­ing sharp loss­es in the mate­ri­als and ener­gy sec­tors”, accord­ing to the AFR. 

PORTFOLIO UPDATES

As a group, our four Light port­fo­lios are still track­ing at a lit­tle bet­ter than half of the STW since incep­tion (Feb 2022).  

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 GEM OML

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]