SmallCap Posted December 30, 2011 Share Posted December 30, 2011 So isn't this the first time in over 50 years that we have had a negative stock market return in the third year of a presidents term? Link to comment Share on other sites More sharing options...
beerbaron Posted December 31, 2011 Share Posted December 31, 2011 Will do my IRR this weekend. I expect a few points above my relative indexes but not a homerun year. BeerBaron Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2011 Share Posted December 31, 2011 With dividends reinvested, the market was up this year. Link to comment Share on other sites More sharing options...
alertmeipp Posted December 31, 2011 Share Posted December 31, 2011 probably down 20%+. :-\ Link to comment Share on other sites More sharing options...
twacowfca Posted December 31, 2011 Share Posted December 31, 2011 Up over 40% overall, thanks to our huge overweight in LRE, including long term, nonrecourse, total return derrivatives. The remainder of the portfolio is down about 7%. :( Outperformance eventually regresses, often with great force. :( Link to comment Share on other sites More sharing options...
alwaysinvert Posted December 31, 2011 Share Posted December 31, 2011 My portfolio: -1.7% Index (SIXPRX): -13,6% Link to comment Share on other sites More sharing options...
Liberty Posted December 31, 2011 Share Posted December 31, 2011 Been close to even lately, but for a long time I was down double digits. Link to comment Share on other sites More sharing options...
Valuebo Posted December 31, 2011 Share Posted December 31, 2011 +8,45% against benchmark that is down over 20%. €/$ helped a lot but I was also fully invested since the +- mid august and I made a lot of changes in my portfolio in the last few months. Overall, I can't complain. Still fully invested and a big chunck in financials. Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2011 Share Posted December 31, 2011 Do any of you guys calculate your networth? Hope I'm not the only one. :P Link to comment Share on other sites More sharing options...
enoch01 Posted December 31, 2011 Share Posted December 31, 2011 Up 11%. My glaring mistake this year was Olympus. Link to comment Share on other sites More sharing options...
rijk Posted December 31, 2011 Share Posted December 31, 2011 +12%, about half coming from special situations & luckily sold SD & LUK timely.... regards rijk Link to comment Share on other sites More sharing options...
Viking Posted December 31, 2011 Share Posted December 31, 2011 I was up about 1% this year. Key learning: stay away from statistically cheap stocks and stick with the best of class. Overall, I am not disappointed as I was very cautious (for a second year) sitting on very large cash balances for most of the year (currently cash = 75%). Lots of good lessons... Link to comment Share on other sites More sharing options...
keerthiprasad Posted December 31, 2011 Share Posted December 31, 2011 Down about 30%, should've gotten out of sears and a small cap gold producer (unreliable management). My first real down year in awhile. I think I keep shooting for just dirt cheap and need to learn to find good management at the same time. Link to comment Share on other sites More sharing options...
racemize Posted December 31, 2011 Share Posted December 31, 2011 Irr of 12.8%, with an underlying gain of 4.9%. This was my first full year of investing, and I think it went pretty well. Incidentally, does everyone use irr to measure performance? Link to comment Share on other sites More sharing options...
bmichaud Posted December 31, 2011 Share Posted December 31, 2011 Up 7.5% net of hypothetical 1%/20% fees with a 6% hurdle. Averaged 60% net exposure for the year with top 80% of holdings averaging $40B in market cap (average market cap cited in order to make "adjusting for size" easier for those who care). Net exposure on a "beta basis" much lower than 60%. Benchmark is the Dow Jones Total Return index, DWCFT, which was up 1.03% for the year. Link to comment Share on other sites More sharing options...
racemize Posted December 31, 2011 Share Posted December 31, 2011 Do any of you guys calculate your networth? Hope I'm not the only one. :P I have a spreadsheet that calculates assets-liabilities daily. I also have it keep track of the change of the value (derivative) per year to see how my slope is doing. Link to comment Share on other sites More sharing options...
beerbaron Posted December 31, 2011 Share Posted December 31, 2011 Just finished calculating. 4% IRR for 2011. Not bad considering the TSX total return was -9% and S&P500 was +2%. It could have been much worse considering I was 100% invested when Europe crisis happened. BeerBaron Link to comment Share on other sites More sharing options...
gordoffh Posted December 31, 2011 Share Posted December 31, 2011 down 3 % - sold half of SD in April bought back in gradually and the late surge was a nice christmas present - down primarily because of MFC and other financials - have bought MFC all year now averaged in at 13 in for the long haul collecting dividends - can't say that overly satisified since I was up 20 % in April however down 3 % much better than 6 weeks ago - FFH was a nice counter to falling markets and I sold ove rtime to buy what I hope were decent purchases of cheaper stocks - Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2011 Share Posted December 31, 2011 Do any of you guys calculate your networth? Hope I'm not the only one. :P I have a spreadsheet that calculates assets-liabilities daily. I also have it keep track of the change of the value (derivative) per year to see how my slope is doing. Dude, that is impressive! I only calculate mine monthly. Down about 4% Link to comment Share on other sites More sharing options...
beerbaron Posted December 31, 2011 Share Posted December 31, 2011 the dow was up over 8% and the s & p was up over 2%. Nobody uses the DOW as a comparison metric anymore ;) Link to comment Share on other sites More sharing options...
Packer16 Posted December 31, 2011 Share Posted December 31, 2011 Up 8.5% this year. Last few weeks pulled me into positive territory. Fully invested all year. How do you calculate IRR versus total return? Packer Link to comment Share on other sites More sharing options...
racemize Posted December 31, 2011 Share Posted December 31, 2011 Up 8.5% this year. Last few weeks pulled me into positive territory. Fully invested all year. How do you calculate IRR versus total return? Packer I use the xirr function, which uses cash inflows and outflows with dates to give you a time weighted return--it is the rate that would be applied to all the money while it was present to achieve the provided results. Link to comment Share on other sites More sharing options...
VAL9000 Posted December 31, 2011 Share Posted December 31, 2011 IRR of 37.07% and an underlying gain of 14.24%. IRR is heavily skewed due to large portfolio influxes mid-year, which turned out to be good timing for such events. Smartest moves: - Took a large position in USG at $7.99 in August. - Took a medium position in PBN at $10.63 in late August. Dumbest moves: - Bought a very small speculative position in TSE:PLS, which is down 78%. - Added lots of SSW at $17.58 after it moved down from $20 in May. Luckiest events: - SSW announced a tender offer for shares that brought my largest holding up by 30% in the last month of the year. - I ended up investing in RAIL, watching it drop, investing more, watching it rise, and trading out at 20% over 9 months. The way this whole thing developed is interesting and I will post on it in detail shortly. Best lesson: PLS is the obvious flub. I look at the end of year performance and focus mostly on what the heck I was thinking with that play. What I came up with is: - I was greedy because I saw a company that used to be worth a lot and was now worth very little. - I thought they could outrun their financial problems with an asset sale (that never materialized). - I did very little analysis. The business model seemed good (I still believe this), but I completely ignored the financial state of the company. - My big bet was on the housing recovery, which would trickle down to PLS being a profitable business again. I made the same bet with USG. The difference is that I used much more rigour with USG, ensuring they would have years to ride out a housing recovery, whereas PLS's time horizon is really only 6-9 months (which is coming to an end). - I justified my speculation with "it's not a lot of money" which is a ridiculous and stupid way to rationalize an investment. I was looking for an easy win and I was punished accordingly. Good lesson and I hope never to repeat this mistake. Link to comment Share on other sites More sharing options...
ourkid8 Posted December 31, 2011 Share Posted December 31, 2011 My 2011 rate of return was a strong 14%. It was primary driven by my core concentrated positions: Philip Morris International, CN Rail, Kraft and my timely purchase of Inter Pipeline when the US lost their tripple A credit score which has performed exceedingly well. (Those 4 positions are slightly above 40% of my portfolio) My losers so far have been ATPG (I sold out at a loss), Hanfeng Evergreen Inc (I solt out at a loss), Frontier Communications, Chou Asia, Chou Associates, Bank of America and Wells Fargo. Being extremely concentrated has helped me this year and thank god my positions have held up extremely well! :) S Link to comment Share on other sites More sharing options...
Guest Hester Posted December 31, 2011 Share Posted December 31, 2011 Up 4% versus index that's down 75%. (I decided to index myself to RIMM) So my relative performance has been truly outstanding. Link to comment Share on other sites More sharing options...
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