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Just for a fun thread.
New financial year and a recent comment in the 'SMSF Returns' thread that mentioned craft, made me want to have a look at what I would short-list as the current crop of 'quality' stocks on the ASX.
I've focused on larger (well, by ASX standards) stocks here, avoiding microcaps (or 'small' by some people's definitions). They're all basically liquid (KSC seems to be the only exception).
The 'universe' was culled down to 208 stocks...and these are the 56 stocks that made the final cut. I could've made it less...but it seemed broad enough without being TOO broad.
I'm not going into my interpretation of 'quality' (at least, not in this thread), as that's not the point. Suffice to say that (unsurprisingly, for anyone who reads my posts) it basically falls largely under the umbrella of 'academic' definitions of quality - but selectively so.
What I can also add, is that 'quality' doesn't consider price.
I've said before, I don't actually use quality in my own investing plan, at least not currently...hence the comment that this is a fun thread, in that sense. But if I did - these would be the picks amongst the mid-large cap ASX stocks for me (although if I did use quality, it would be more for use as a negative screen than to find the best stocks - but anyway).
So the point of the thread?
Well, due to quality not considering price, it makes it an interesting candidate for a thread where contributors can add their own price considerations. @tech/a recently posed the question to me in a thread about doing some tech analysis on a list of fundamentally picked stocks. I didn't mean to ignore you tech, I simply couldn't get my head around what type of list to provide...because any list that considers price (e.g. cheap stocks) didn't really provide a suitable base for the project, in my opinion.
So the cool thing here is, I'd like to see:
- Value investors let us know which on the list you 'like' (below intrinsic or relative value)
- Chartists...go for your life (short or longer term)
- Income equity investors...which do you like for the dividends?
Or feel free to just post in the individual stocks thread and reference this post.
Or tell us which on the list you do or don't consider quality in the first place.
Or whatever!
The only potential downside I see is that many here probably focus on smaller stocks, so it might be a bit of a 'boring' list to begin with. Let me know and I can potentially do a smaller cap version.
New financial year and a recent comment in the 'SMSF Returns' thread that mentioned craft, made me want to have a look at what I would short-list as the current crop of 'quality' stocks on the ASX.
I've focused on larger (well, by ASX standards) stocks here, avoiding microcaps (or 'small' by some people's definitions). They're all basically liquid (KSC seems to be the only exception).
The 'universe' was culled down to 208 stocks...and these are the 56 stocks that made the final cut. I could've made it less...but it seemed broad enough without being TOO broad.
I'm not going into my interpretation of 'quality' (at least, not in this thread), as that's not the point. Suffice to say that (unsurprisingly, for anyone who reads my posts) it basically falls largely under the umbrella of 'academic' definitions of quality - but selectively so.
What I can also add, is that 'quality' doesn't consider price.
I've said before, I don't actually use quality in my own investing plan, at least not currently...hence the comment that this is a fun thread, in that sense. But if I did - these would be the picks amongst the mid-large cap ASX stocks for me (although if I did use quality, it would be more for use as a negative screen than to find the best stocks - but anyway).
So the point of the thread?
Well, due to quality not considering price, it makes it an interesting candidate for a thread where contributors can add their own price considerations. @tech/a recently posed the question to me in a thread about doing some tech analysis on a list of fundamentally picked stocks. I didn't mean to ignore you tech, I simply couldn't get my head around what type of list to provide...because any list that considers price (e.g. cheap stocks) didn't really provide a suitable base for the project, in my opinion.
So the cool thing here is, I'd like to see:
- Value investors let us know which on the list you 'like' (below intrinsic or relative value)
- Chartists...go for your life (short or longer term)
- Income equity investors...which do you like for the dividends?
Or feel free to just post in the individual stocks thread and reference this post.
Or tell us which on the list you do or don't consider quality in the first place.
Or whatever!
The only potential downside I see is that many here probably focus on smaller stocks, so it might be a bit of a 'boring' list to begin with. Let me know and I can potentially do a smaller cap version.
There are a lot of sectors covered but I am drawn to the mining stocks as I pay attention to that sector more than others (probably to my detriment).
