We bought VEVE on 25 February, 156 days later, on 31 July I sold your holdings at a 3%+ profit.
I will calculate your individual profit totals in due course and report back to you.
For the first time, I did not wait for the market to close before selling. I saw that the “live” price was above our target amount and sold for all of you there and then, getting 8989 - 10p higher than the target price.
Acting in this way looks like it has paid dividends. VEVE’s closing price on 31 July was 37p below our target sale price, and today is 248p (or 2.8%) below the price we achieved.
I am a relieved man.
Now we look forward to the next buying round, which might be with us sooner rather than later.
The most recent VEVE high was achieved on 31 July and was 8942. We will buy again if it closes at 8674 or lower.
And I will pay particular attention to how violently it reaches that level before committing funds.
Since September 2023 we have completed six cycles of PIP-VEVE.
Over that time, we have owned VEVE for 34% of the time and captured 53% of VEVE’s total increase, which equates to 17%.
In addition, cash dividends and deposit interest have been earned.
The bonds you would otherwise have owned have fallen 4.5% over the same period.