Your PIP-VEVE allocation is currently sat in cash waiting for the next VEVE downturn.
It’s been 50 odd days since we sold VEVE and completed the last cycle.
I had rather assumed we would be back in by now, what with everything going on in the world.
But the world’s stock markets have shown to be optimistic to say the least.
Since 17 April (when we sold your last VEVE allocation) VEVE is up over 6%.
This has been very good news for your general portfolio, but we are left twiddling our PIP-VEVE thumbs for now.
The money you have parked waiting for the next PIP-VEVE cycle has been earning a bit of interest – something like 1.75% pa.
Whereas if the money was still in bonds, then you would be down just a smidge.
The long and short of that is that we wait patiently for the next dip and in the meantime, you are not missing out on much.