As a holder who bought in at the 28 cents mark I thought of a...

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.