QAV Blog

Tony walks us through his deci­sion to buy some STO shares last week (as per the email we sent to QAV Club mem­bers on Fri­day).
Tony then answers some mem­ber ques­tions about Stan­more Coal, how list­ed invest­ment vehi­cles lend them­selves to QAV analy­sis, the KMT rights issue, and Roger Montgomery’s recent arti­cle.

Part 3 of our reboot­ed get­ting start­ed pod­casts. This picks up where episode 303 left off, halfway through the QAV check­list.

Tony thinks the mar­ket is going through the “five stages of grief” and we debate which stage we are up to. He also talks about the “Cop­pock Curve” which sug­gests mar­kets, like peo­ple, go through peri­ods of mourn­ing. Then we answer some of your ques­tions about: the best way to set up a pro­file to trade, com­par­ing full-ser­vice bro­kers to low-cost DIY options, how to treat com­pa­nies with neg­a­tive “net income “, what Tony thinks about Dis­count­ed Cash Flow cal­cu­la­tions, his thoughts on the pos­si­bil­i­ty of infla­tion in the next few years, whether or not he ever uses options, whether or not found he has found any com­pa­nies with good scores late­ly, and what he thinks about Kath­man­du

Part 2 of our “get­ting start­ed” reboot. In this episode we get into the nit­­ty-grit­­ty of the check­list and the data sources we use.

Back to answer­ing your ques­tions today, includ­ing top­ics about lever­ag­ing your port­fo­lio, replac­ing Stock Doc­tor with anoth­er data source, ban­ning short-sel­l­­ing, invest­ing in REITs, how to pri­ori­tise the watch list, and just gen­er­al­ly when to buy back in. Tony’s basic approach right now is to “wash your hands — and then sit on ’em.”

As it’s been a year since we record­ed our “intro­duc­tion to QAV” episodes, a cou­ple of our lis­ten­ers sug­gest­ed it would be a good idea to re-record them, now that we’re much smoother on the mic. So we present — QAV Reboot. We intro­duce our­selves and the QAV sys­tem of invest­ing in shares.

While Fri­day brought a dead cat bounce, Tony thinks the cor­rec­tion is just get­ting start­ed. He says we’re yet to see the impact of the com­ing cred­it crunch. We answer a ques­tion about whether or not Tony invests for the pur­pose of liv­ing off the div­i­dend income, and in our club edi­tion we analyse Macma­hon Hold­ings (MAH) just for prac­tice. As I say — NOW is the time to send your­self to QAV Uni­ver­si­ty. When the mar­ket turns around, we should all be ready with a watch­list so we can jump in quick­ly and ride it all the way up in the next cycle.

Tons of ques­tions this week from club mem­bers about how to invest dur­ing a mar­ket cor­rec­tion. And as the mar­ket is still in free fall, we don’t both­er with a stock analy­sis. So we just spend 90 min­utes answer­ing your excel­lent ques­tions.