|
|
|
|
|
|
Happy Monday, <<First Name>>.
Tony and I are both taking a bit of a vacation this week, but we'll still get a show out at some point, so if you have any questions, shoot me an email.
It was Tony's birthday yesterday, so if you haven't already wished him buon compleanno, don't forget! I know many of you sent him gifts, which I'm sure he appreciated.
Portfolio update: Our QAV portfolio continues to strongly outperform the ASX200 for the current Financial Year, despite the recent drops in some of our resources stocks.
A reminder for new subscribers:
If you're looking for more content where Tony talks about the basics of his thinking about investing, don't forget to check out our archives. Scroll through our 2019 episodes and you'll find that's all we did in our first ~50 shows. We covered a ton of stuff.
You can also see a list of episodes by topic at the end of our Getting Started Guide.
If you get through that 50 hours and still need more clarification, shoot us an email! Tony is always happy to revisit stuff to help clarify anything that's confusing, but our current episodes assume you already understand the basics.
Cameron
|
|
|
QAV S04E13 – Home Invasions
|
|
|
|
On 413 we talked about: MRC firing their CEO and the price dropped 25% – why didn’t we sell?; Lincoln fund results; ASA webinar by James Holt; WAAAX performance 20/21; CVL down 13% since we bought it; MAH groundhog; Flitman model is out; red flags for companies that might go into a trading halt; why share prices fall after they go ex dividend; how TK decides what to sell when he needs to take cash out of his portfolio; commodity stocks sell lines; sentiment for HAW, AGD, AIS; is GCY now a sell?
|
|
|
|
QAV VIDEO!
|
|
Thanks to Glenn Conroy who noticed that cells C10 or C19 in the 3PTL calculator were values not formulas, so if you're using that sheet, please download the latest version here.
|
|
Tony only put out a couple of journal entries last week, including one on KMD and another with a big list of updated entries on the Buy list. He also advised that the CEO of Inghams (ING) resigned and ING has passed below its Sell line, so he sold his shares and added more ANZ and took a new position in JBH.
For new subscribers, I want to remind you that the Buy list and Tony's stock journal entires should only be used as starting points for your own research, not as guidance on what you should do.
|
|
|
Despite sounding like he was capitulating on it a couple of months ago, Ray Dalio seems to agree with us that the US government will eventually outlaw Bitcoin. And, I assume, other governments will as well. Lots of people will continue to invest in it (and others will continue to hype it) and hope they can get out at the right time, but that sounds to me more like gambling than investing. Which is fine if that's how you roll, but, as Leonardo da Vinci said: "He who wishes to be rich in a day will be hanged in a year.” (By the way, if you are interested in da Vinci, check out this interview I recorded with one of the world's leading da Vinci scholars last week).
|
|
A big thanks to Phil for having Tony back on Shares For Beginners again last week, where he was explaining why value investing is just investing and how learning to fish is better than eating a fish dinner.
|
|
|
|
|
|
|
|
