I poke you a lot on your powerpoints but I must commend you on one thing - you are more clear and transparent than crystal ;)
1) Cash is indeed rotting and a drag on portfolio performance. And its reflected in your XIRR. PAP whiter than white! If you removed cash from the calculations, all your XIRR will be in double digits ;)
2) XIRR since inception will produce a different number than if we calculate the annual XIRR and then "average" it by the number of years.
CW,
ReplyDeleteI poke you a lot on your powerpoints but I must commend you on one thing - you are more clear and transparent than crystal ;)
1) Cash is indeed rotting and a drag on portfolio performance. And its reflected in your XIRR. PAP whiter than white! If you removed cash from the calculations, all your XIRR will be in double digits ;)
2) XIRR since inception will produce a different number than if we calculate the annual XIRR and then "average" it by the number of years.
I don't know why I so nice to you today?
Maybe it's Christmas?
LOL!
Xmas is the time to share joys. :-)
DeleteHehe... maybe in 2017, we should consider less poke and more praises! hahahah
ReplyDeleteHappy holidays guys!
Scorpion by nature will poke. :-)
Delete