VVR - Build An Income Factory

After doing research and learning about methods to producing an income factory, courtesy of the book "The Income Factory" by Steven Bavaria I've adjusted the manner of how I'm proceeding to invest now. Instead of looking for growth, I'm looking at obtaining passive income through higher dividend yields.

Which leads me to looking at VVR, my technicals are now telling me that this fund is showing signs of bearish market structure with this price breaking support here around the $4 level. We've also (IMO) have printed a bullish variation engulfing candle on October 8th.

So I will be purchasing around 150 shares here.

Cost basis is: $3.98
Dividend Yield: 12.90%
Estimated Yearly Income: $77.40