QAV Light Weekly Update #209

Hap­py Mon­day, Light Brigade!

And a big wel­come to all of our newest mem­bers.

I had anoth­er pret­ty busy week­end. The usu­al kung fu (three hours Fri­day night, plus five hours Sat­ur­day), then I went with my son Hunter to the pre­miere of Baz Luhrman­n’s new Elvis doc­u­men­tary EPiC on the Gold Coast. The film com­pris­es “nev­er before seen footage” of Elvis prepar­ing for his orig­i­nal 1969 Las Vegas con­certs, as well as con­cert footage. Pret­ty cool if you’re an Elvis fan (and, hon­est­ly, who isn’t?). 

Yes­ter­day it was Chris­sy’s birth­day and I baked her this car­rot cake. Looks aver­age, tast­ed AMAZING. 

So… a busy week­end. 

Any­way, let’s get into the port­fo­lio updates!

All the best,
Cameron

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PORTFOLIO UPDATE

The mar­ket had a freak out ses­sion late last week, due to a com­bi­na­tion of the RBA’s inter­est rate rise, a U.S. mar­ket dip, Bit­coin col­lapse, mar­gin calls, a new Fed chair, and Trump’s Iran deal… among oth­er things. The U.S. mar­kets bounced back on Fri­day and the AFR is pre­dict­ing the ASX will bounce back again today, too.

In the last 30 days, the Light port­fo­lio was ‑2%% vs the index which was +1.54%.

Our most impres­sive return for the last 30 days is Ade­laide-based indus­tri­al man­u­fac­tur­er Kor­vest (KOV), which is +14% for the month.

KOV +358%

We’ve owned KOV in the Light port­fo­lio since 6/11/2023 when we bought it at $7.99. It’s now $16 which is +100%. But we’ve owned it in the QAV Dum­my Port­fo­lio since 15/4/2020 when we bought it at $3.49, so that par­cel is +358%. Anoth­er exam­ple of why we don’t re-bal­ance and take prof­its.

A QUADRUPLE MARKET YEAR

For the last 12 months, the Light port­fo­lio is +34% vs the index +8%.

Since incep­tion (Feb 2022), the Light port­fo­lio is +20% vs the index +10%, dou­ble mar­ket, right on tar­get.

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SELLS

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BUYS