On Tuesday 16 June all VEVE holdings were sold with the price having climbed 3%+ from when we went in just 5 days previously.
That marks the quickest PIP-VEVE cycle to date, with the three cycles before having been the longest.
The average days in the market is now 37.
It is also the second fewest days we have had to wait to start a new PIP-VEVE cycle at just 56 with the average wait time now 89 days.
There is not much to read into these figures – the sample size is too small – so consider them “fun facts”.
3%+ over 5 days is the equivalent of a 240% annualised return.
And if we could compound at that rate every 5 days over a year £100 would become £1,000!
The current VEVE high is 107.08, meaning we would start buying VEVE again at 103.87.
But my guess is that we will see new highs over the coming weeks which will be good for your general portfolios.