Apologies for labelling it NDQ as this is a fund that is not listed on the ASX but is available in Australia (cant post without a company code and wasn't sure where else to post it)

This is a little left field, away from our usual small cap focus. I thought I would share a newsletter from Lakehouse Global Growth Fund that I get monthly. There is plenty of commentary on how to get global exposure. My preferences are an ETF by Betashares - NDQ, which has been good for me. I also like the Lakehouse fund - generally looking at big global companies that are growing relatively quickly. I figure these 2 give me pretty good exposure internationally while I concentrate on "my" market here.

LGGF-November-2023-Monthly-Letter.pdf

Nessy

disc - held (both NDQ and LGGF)

Mike Burry reckons it’s a sell apparently…

[news.com.au article]

Up 25% for the past 12months and approaching all time highs....

Would love to know anyones thoughts.

No one knows the future but surely trees don't grow to the sky.

Added to my position near the 52w low. Could be more pain to come get in 2023, but good enough looking out a few years I reckon.

It is a good time to accumulate a core holding such as this, with the companies with the highest weighting being some of the strongest businesses the world has ever seen with no signs of structural deterioration. Slowly of course, given the bear market we are in can always take a turn for the worst.

I have been holding onto a lot of cash 30-40% of funds available to be allocated to the market, waiting for the market to turn back towards positive sentiment. I haven't purchased anymore NDQ since early 2020 as I have just been letting it run. Looks like the recent downtrend has potentially turned so buying in line with my dollar cost averaging strategy for ETFs with the momentum (ie. don't buy a downtrend) overlay. 

Charts show a decent point to buy either way given the channel in which the Nasdaq 100 has traditionally sat in between since 2009. Buying after reaching the bottom blue channel almost always goes on to higher points in a short amount of time whereas buying during a period in the higher blue zone normally results in lower returns over the short term (1-2 years) and therefore average return over the longer term. The assumption that could change and that needs to be kept in mind is that the Nasdaq may not continue to grow at the 17ish% yearly average return that it has generated for the last 10+ years.

Notes on charts below, log scale used, first chart is longer term and second is a 1-year chart.

Disclosure: My Strawman portfolio I tend to only hold individual companies rather than a reflection of my RL portfolio which holds at least 50% ETFs/managed investments. Also, I am absolutely no technical analysis guru!!! Just looking for the most basic and obvious trends from a chart. Happy to be corrected on the technicals!

Tracks the Nasdaq-100 index less the 0.48% Management fee.  This index is the top 100 non financial companies listed on the NASDAQ.  Think Google, Amazon, Apple, TESLA etc  through to small holdings in things like Peloton, Netease. 

It does have a big focus on the bigger companies as it is market weighted so Apple, Microsoft, Amazon, Google and Facebook make up about 41% of the index. 

I use this as an easy way to get access to the US technology sector without the need for direct investment and without the pesky W-8BEN form some ETFs require for US tax purposes.  I also prefer it to the FANG funds as while 41% is FANGY like companies, you still get exposure to the next big things.

There may be cheaper ways to do this than this fund but have not researched of late.  

Adding NDQ to my portfolio as an instant access to some of the biggest and best companies in the world at the moment (Google, FB, Amazon, Tesla, Apple to name a few). I don't want my money to sit in cash and do nothing. This way I'm diversifying my portfolio and also buying time to research other business I want to buy. It should also help to stay close to the performance of ASX (or beat it).