22/04/24
VEVE At the close on Friday VEVE was 3% lower than the previous recorded high of 7865. This morning trades have gone through on your account to buy VEVE as per our previously agreed parameters. The purchase price was 7658 meaning we will sell when the price closes at or above 7888, thus securing a 3% gain.
Cash Interest Interest for cash held on Raymond James has also been added to your account for the period covering 1/10/23 to 31/3/24. I will message each of you to confirm the interest that have been added.
14/05/24
VEVE On 22/4 we bought VEVE after the price had dropped 3% from its most recent high. Less than three weeks later and the price closed 3% higher and we sold VEVE netting a gain in excess of 3% on the money invested.
For most this marks the third successful buy and sell of VEVE since we first bought on 23/8/23. Total combined profits to date are greater than £200,000, equating to about 9% over 37 weeks.
On top of the £200,000 in investment returns, interest has been earned on the cash while we wait for VEVE to become attractive to buy. That results in an overall return close to 12% compared to 0% from the bonds you would otherwise most likely have owned over the same period.
For those who have participated in all three cycles to date profits have reached five figures.
Therefore, I believe, to date, that VEVE has proved to be a worthwhile strategy. Now we wait for the next opportunity. 7918 is the most recent high for VEVE meaning that we will buy again once that price has fallen to 7680, a price which was last seen on 1/5/24.
Other Premium Service services As well as the VEVE strategy all Premium Service clients continue to enjoy additional benefits, not least free access to me and the team for all your close relatives who would like to discuss any type of financial matter. To take advantage just drop me a line and I will make the arrangements. Or forward this link to them and then can book a meeting with me: https://calendly.com/jeremytcfp/your-money-mentor
Future Developments I will start looking at whether the VEVE strategy might work with investing in the S&P500 which represents the biggest, most valuable companies in the US. I will also consider the NASDAQ too. I have in mind that a cheap ETF could be used which tracks the performance of the relevant index in the same way we use VEVE to track the global stock market. My initial review of both the S&P500 and NASDAQ are that they are apparently more volatile than VEVE and therefore our parameters for participating in their fluctuations would need to be different than those we use for VEVE. I will report further as my thinking and research develop.
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