tag:blogger.com,1999:blog-5465015914589377788.post7305676277314902680..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: My 2012 Portfolio ReturnMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-14241322072594704992013-01-15T17:35:04.435-05:002013-01-15T17:35:04.435-05:00@Matt: Actually, I didn't know about the XIRR...@Matt: Actually, I didn't know about the XIRR() function -- I had only seen IRR() when I created my spreadsheet. So, I calculated the equivalent of XIRR() myself. But I've now checked that my results match XIRR().<br /><br />Good question about comparing to benchmarks. My 2012 results did just slightly better than the benchmark. But this is because the only individual stock I own is Berkshire Hathaway, and it had a good year. Excluding Berkshire, my portfolio matches the benchmark (less modest fees). So, there isn't much point in comparing to a benchmark any more other than to note how well Berkshire did relative to U.S. large caps.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-83391338648765437832013-01-15T17:27:52.771-05:002013-01-15T17:27:52.771-05:00Guessing you used XIRR() to calculate 2012's r...Guessing you used XIRR() to calculate 2012's return! How did your 8% do vs. your index benchmark figures that you applied to measure 1995-2011, when adjusted for weightings and results in 2012? Keep up the good work!Mattnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-54259279057383511262013-01-15T07:14:58.113-05:002013-01-15T07:14:58.113-05:00As I have told you, becoming a slum lord is the be...As I have told you, becoming a slum lord is the best way to assure you become filthy rich, and hated by all of humanity, but you won't care because you will have the riches of the ages at your finger tips. Never mind having to deal with asinine tenants who don't care about your property or such, just buy an ETF REIT and you can enjoy the money without all the annoying part of actually owning land, or materials.<br /><br />At least you don't have any GOOD DEBT!!! <br /><br />Tuesday morning Rant, Caj out!Big Ranting Lunatichttp://canajunfinances.comnoreply@blogger.com