October 1, 2024
1
 minute read

Happy first birthday PIP-VEVE

Written by
Jeremy Askew

PIP-VEVE celebrated it’s first birthday in September, here are some facts and figures:

1 - We completed our first VEVE investment cycle on 1/9/23.

2 - Over the course of the first year we completed four cycles in total.

3 - Over the first year we have made a return of c11% on VEVE.

4 - The total return is c13% including interest earned while we waited for VEVE opportunities.

5 - We were invested for 80 days (22% of the year).

6 - If we had simply bought VEVE and held it for the year we would have made c18% (c40% more) but would have spent 3.5x the amount of time exposed to the stock market and its risks.

7 - Money committed for PIP-VEVE came from your bond holdings which lost about 1% over the last year.

8 - You are therefore 14% better off than might otherwise have been the case over the last year.

9 - If you committed £200,000 to PIP-VEVE that equates to £28,000 better off than might otherwise have been the case.

I think we can say it’s been a success so far?!