Average expected return around 7.5%. Things to know if u want to trade.
VWRP accumulation ETF where any earned dividends are automatically re-invested.
From the covid low, if u bought in 2019 u were printing a low but that would be the same for most Trusts/ETF’s.
A definition of an uptrend a series of higher highs. With hindsight u can see when the ETF printed £90 it was reluctant to go higher, u do not need to know the reason why, just to realise it isn’t go higher yet (resistance).
Upon reaching resistance the chart has 3 options, to continue higher, go lower, or go sideways.
Once u realise it isn’t go higher, u can draw a line on your chart and wait for the price to go higher, sometimes there is a false breakout (bear trap) where the price goes above the line and then falls back, no one said making money is easy.
U can see there was no clear breakout for 2 years.
U could use the trading period to accumulate shares using your dividends or wait for the breakout, knowing that if u can choose the time to sell, that u will not lose any of your hard earned.
Chart resistance is clear to see, remember the 3 options. If u had accumulated under resistance, u may wish to take some of your profit or u may wish to hold for the hope of more profit.
Different strokes for different folks.
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