As a holder who bought in at the 28 cents mark I thought of a quote that comes in handy, that of Harold Macmillian, who when asked by a young journalist on what was likely to steer a government off course said, "events dear boy,events".
What's happened in the past week is an unpredictable event. If TA allowed one to see a few weeks back that once the debt ceiling in the US was raised they'd be huge market panic bought on by that political indecision and by a 'renewed crisis' in Europe (even though the economic problems on the continent are ongoing for years now) well OK, then they've got a talent. I wish I had such foresight.
But holding VBA to $1.2 over 5 years is an exceptional investment. Yes at the moment it's volatile. 36 cents last week. 23 this week. But these fluctuations are irrelevant over the course of time.
VBA Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
