14/08/23
Since I last updated you on 20 July VEVE on has reached a further 5 new highs.
The highest of these was £69.18 which was achieved on 1 August. This makes the new buy in price £65.72 - a price last seen on 31 May, some 10 weeks ago. And therein lies a conundrum I think. On the one hand it is good that the value of this investment is rising because that's good for your general portfolio, on the other hand it means we might have to wait longer than is comfortable to jump in and out of VEVE as anticipated.
I was expecting an opportunity to jump in and out every 6-8 weeks. As we sit here now, overdue an opportunity, it doesn't feel like one might come along any time soon. The idea of the PIP element of the Premium Service is to make significant additional money.
The measure of significant is in terms of £s not %s. An additional £3,000 three or four times a year is significant in my book. That can be achieved if we up one threeshold and lower another. If we make each purchase a minimum of £100,000 (rather than £50,000) with a maximum of 50% of the money allocated to PIP, and look for a 3% bounce we get here easier.
Therefore I have decided to implement an algorithm as follows: "If the buy price (5% below the current high) has not been achieved in the previous 8 weeks, reduce the target by 0.25% each week until the buy price is 3% below the current high." This means that our target price for this week is now 4.5% below the current high and is £66.07. If that buy price is not reached this week (we would need a 2.5% drop from the current price to achieve it) then the new buy price will increase a further 0.25% next week to £66.24. Please watch this space.
21/08/23
A very quick update…. VEVE On 18 August VEVE closed at £65.92, this was below our target purchase price as announced on 14 August.
As a result we have bought £100,000 of VEVE for each of you with cash available to do so. We will sell this once the price closes at or above £68.22 which should result in a 3% / £3,000 profit. Cash RJIS has increased interest on cash balances. The rates are now as follows: £25,000 – £50,000 2.75% £50,000 – £100,000 2.95% £100,000+ 3.15%
Thanks and have a good week.
01/09/23
A very quick update…. VEVE Today, 1 September, we sold the VEVE shares that we bought on 18 August.
This resulted in a gross profit of 3.62% in two weeks which equates to a profit in the region of £3,000 for each of you.
The target price for the next purchase remains £66.07 which will increase by 0.25% if it is not met by 11 September (Monday week) and a further 0.25% in subsequent weeks until it reaches £67.10 (3% below the current high price of £69.18) or a new high price has been achieved. Next week I will starting talking to each of you about how much cash you are prepared to commit at each opportunity going forward - that level of personalisation is relatively easily achieved.
Cash As a reminder, cash with RJIS earns the following rates: £25,000 – £50,000 2.75% £50,000 – £100,000 2.95% £100,000+ 3.15% Thanks and have a good weekend.
18/09/23
On 14 September VEVE closed above £69.18, thereby setting a new recent high watermark which will now decide the price at which we now buy VEVE in future.
The new high is £69.78. For those of you wishing to act when a 5% drop is achieved the new target price for doing so is £66.29 (last seen on 22 August / just under 4 weeks ago). This will remain the target price until 16 October at which point the target will be raised by 0.25%. For those of you wishing to act when a 3% drop is achieved the new target price for doing so is £67.68 (last seen on 29 August / just under 3 weeks ago) Let’s watch this space.
27/09/23
There is no update as such this week other than to say that I have collated all previous updates on a single page.
You can access it via the button below. It is password protected with the password being "premserv". All future updates will be added here too and the link forwarded to you via WhatsApp each time there is an update.
13/10/23
VEVE On 4 October we started buying VEVE again after it dropped by up to 4.2% from the previous high of 6978. We will look to sell at once a 3% profit per holding is available. We are not far off that mark as I type. Once we have cashed out I will send details of cash profits to each of you via WhatsApp.
CASH Interest payments will be added to your account 16 October covering the 6 months 1 April – 30 September. You should have received a WhatsApp message with amounts. And RJIS will no longer charge a custody fee for holding cash.
SUZAN Suzan is familiar to a few of you, she works as our well-being coach helping clients with moments in life. She has been selected to give a TedEx talk on 18 November entitled "Unmasking Authentic Connection". I will forward a link to her talk once available. And her book "Raising A Wild Child" will be published soon and will be available to you for free.
02/11/23
Good morning, a quick note today by way of an update.
VEVE The price of VEVE has been a rollercoaster ride recently since we first started buying at 6685 on 4 October. Over the last 4+ weeks later and came within 25p (0.36%) of selling, only for the price to leg down all the way to 6652 on 27 October. Since then the price has ticked up to above the price where we first bought. Where is goes from here nobody knows.
Further reading?
I subscribe to innumerable newsletters, with the aim of reading widely and diving in deeply when I need to. I actively look for commentary that is at odds with my own views. For a long time I have subscribed to the Deloitte Monday Briefing. It covers global economic and political matters succinctly and in a way that challenges some of my pre-conceptions - it is a good read always and usually easily digested. You might find it useful and interesting too, here is a link to the blog where you can sign up if you wish: https://blogs.deloitte.co.uk/mondaybriefing/
20/11/23
On Wednesday last week VEVE closed above 6888 and consequently all holdings were sold. Depending on when we agreed you would buy VEVE you held it for between 2.5 and 6 weeks. You have been notified of your individual profits on this trade and the total to date.
Total profits across all participating clients are now above £130,000 since 21 August. This represents a return of 7.5% on the money invested, compared to 5.6% if we had simply bought and held VEVE on 21 August - a 33% uplift has been achieved.
If we had remained in cash the return would have been around 0.5% and if we had been in bonds (where this money was taken from) the return would have been 2.5% over the same period. What I expected to happen has happened so far, the test will come when the unexpected happens, which is bound to happen at some point. Now we wait patiently for the next buying opportunity.
Our target purchase price is 6769 for most but lower for some depending on your preferences. While we wait your cash will be earning interest at between 2.75% to 3.15% depending on your balance.
24/11/23
VEVE price On Wednesday 22 November VEVE closed at a new recent high of 7000. This is the highest close since 21 December 2021, which was the highest close of all time at 7008. We will next start buying VEVE for PremServ clients at 6790 (3% down). The last time the price was 5% below 7000 was a month ago on 27 October. Therefore the 5% target will be reduced on 22 December if not breached beforehand.
VEVE commentary The price of VEVE is decided by the price some 2,100 companies around the world. Those prices are decided daily by millions of people who either buy or sell those shares. Despite all the bad news – bad governments, war, inflation and interest rates – the aggregate price of these 2,100 companies is doing well. The stock market is usually a leading indicator, meaning it moves before good or bad news becomes apparent. Only rarely does it get caught out and have to play catch up and react to the news. Therefore the increasing value of these companies is testament to the future prospects and financial strength of them as a group. Despite the turbulence many people are willing to put their money where their mouths are and own these companies (yourselves included) – they see a brighter future.
2024 The fluctuations I spotted in 2022 have continued in 2023 and given us opportunities to make returns we would otherwise have missed. I don’t see that changing in 2024, war, inflation and interest rates will persist. Also around 2 billion of us are going to the polls (https://en.wikipedia.org/wiki/2024_national_electoral_calendar) – a world record. This time next year the world could look very different, politically at least. In the US only his incarceration might stop Trump returning as President. In other countries lurches to the extremities have been seen (Italy, Holland, Argentina) or are expected (France?). Whereas in the UK it appears that whoever forms the next Government we will be in for more of the same. Whoopee do!
11/12/23
VEVE closed at a new high of 7032 last Friday, 8 December. This means that the price at which we will start buying for most of you is now 6821 (3% below 7032). At 5% we will have bought for all of you, 5% below 7032 is 6680 and was last seen on 1 November.
If that price is not achieved by 27 December then it will be reduced by 0.25%.
18/12/23
VEVE Last week VEVE closed at a new high on Monday, Tuesday, Wednesday and Friday. It has started off strongly this morning too. I will not bore you with the updated buy/sell figures, but I will, of course, remain vigilant to any swings down and buy VEVE is thresholds are breached and write an update for early January.
TCFP Portal A live link from RJIS to our portal has been established, so values should update daily. There might be the odd snag here and there so please bear with us and let us know if you spot anything amiss. That is probably it for 2023 (unless there's a sudden 3%+ decline in VEVE's price). I wish you and your families a very happy and peaceful Christmas and New Year.