How much Indian salary would make u return?
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Quote:Right, so you what you need is the IRR.
Originally posted by dimple2001
You calculated the average return and arrived at 29.5%. The annualized return is 9.41%. But all of what you have stated is true if you held it from inception date which I have not.
Quicken does calculate annualized return by taking into account the XIRR and based on my holding period which is around 1.5 years (and does not equal the calendar year by the way), the annualized return right now is 29.37%.
You can calculate that by using the Solver in Excel.
Quote:Fair enough, so all this is within your holding period.
Also, based on the calculation for average return according to your formula is 75.19% for my holding period. Also, Quicken reports the Gain% which is at 12.79%.
It is unusual for mutual funds to have returns of 29% year after year.
Those that do well soon get overbought and become expensive relative to its NAV.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Location: Western Hemisphere
Posted on: 16-10-10 19:51:01
Thanks patrickm.
I also want to throw in performance of another fund I have had for 12 years.
Annualized return - 6.36%
Average rate of return - 10.9%
Gain % - 31%
Just to give an idea of how a long term holding has performed.
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Dimple2001
Quote:Wow...12 years means it has been through the 2000 bull run, the dotcom bust, the 2005 - 2007 bull run and now the recession.
Originally posted by dimple2001
Annualized return - 6.36%
Average rate of return - 10.9%
Gain % - 31%
Just to give an idea of how a long term holding has performed.
That is really very poor returns.
Why are you still holding on to it?
And which one is it, just out of curiosity
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
You guys talk a lot about funds in canada, only in the last few months, i started investing through banks.
If you can tell me theways to invest in funds ( Not only through banks ) will be most appreciated.
Thanks.
Location: Western Hemisphere
Posted on: 17-10-10 16:36:55
Quote:
Originally posted by pratickm
Quote:Wow...12 years means it has been through the 2000 bull run, the dotcom bust, the 2005 - 2007 bull run and now the recession.
Originally posted by dimple2001
Annualized return - 6.36%
Average rate of return - 10.9%
Gain % - 31%
Just to give an idea of how a long term holding has performed.
That is really very poor returns.
Why are you still holding on to it?
And which one is it, just out of curiosity
patrickm,
http://www.canadiandesi.com/read.php?TID=26052&page=6
I have attached the link from an old thread (page 6) where I had remarked I have my portfolio returns between 3.5 and 6 and you responded positively to those annualized returns, stating they are decent for holding period over 5 years. Now you feel 6.3 annualized is poor. What gives? Thanks.
Also, the fund (rather the account) is from an old 401k/IRA combo from my previous life. Doesn't have a name other than the employer's/trust company's fancy name. It allowed for range of aggressive to stable assets. I have them all in aggressive portion with the intent of moving slowly towards stable as I age. Anyway, in 2008, this account lost close to 60% (yeah, I almost had a breakdown), but has recovered since and seem to be going up.
Also, 2 years ago, I transferred about $20k into this fund. This bulk transfer may not have grown and is likely reflecting in the returns. Since old IRAs and 401k rollovers are controlled, I have kept them consolidated into this fund account.
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Dimple2001
Location: Western Hemisphere
Posted on: 17-10-10 16:41:14
Quote:
Originally posted by chcool
You guys talk a lot about funds in canada, only in the last few months, i started investing through banks.
If you can tell me theways to invest in funds ( Not only through banks ) will be most appreciated.
Thanks.
Banks
Through a financial services firm (Investors Group, Edward Jones, etc)
Discount brokerages (Questrade)
Directly through institutions over web (ING direct)
Review all the fee and disclosures before jumping in.
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Dimple2001
Quote:oh wait, so this is positive 6.3%?
Originally posted by dimple2001
I have attached the link from an old thread (page 6) where I had remarked I have my portfolio returns between 3.5 and 6 and you responded positively to those annualized returns, stating they are decent for holding period over 5 years. Now you feel 6.3 annualized is poor. What gives? Thanks.
The way you wrote above it looks like minus 6.3%.
That is why I said it is very bad for 12 years and why you still have it.
So yes positive 6.3% is not bad at all for a mutual fund, esp. one that has lived through 2000 - 2002 and now from 2007 - 2009.
It is doing better than the DJIA and the S&P500 and almost close to the TSX60 returns over this period, so it is beating the major indices.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
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