Makes sense, cheers.
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Speaking for everyone?
The ego is strong in this one.
But you have said previously no one gets those sorts of returns that you speak of.
My return has been 15.4% p.a after tax over an eight year period.
I haven't updated it recently but after the latest surge in US equities that I rode would make that return around 17% p.a. now, again after tax.
So to clarify that isn't a CAGR but just an average of your yearly returns? So your return is 0.17*8= 1.36 or 136% in 8 years?
SP500 was $2005 8 years ago in 2015, today it is $4566 representing a 127% increase in 8 years. But in that same time the nzd has depreciated against the usd from 0.67 to 0.62, bringing the return in NZD to 137%. Now if you had also reinvested dividends during this time the total return would be 183%.
Sorry to say but you were better off buying a low cost index fund rather than wasting time and effort trading your Kiwisaver... But provide proof of that 17% being a CAGR (a screenshot of your kiwisaver returns would suffice) and I'll delete my post.
Gawd you are turning into a SailorRob mini me & picking up all his worst traits.
You ask me a question.
You then go & answer it yourself with a bunch of assumptions. 🤣🤣🤣
I just updated my Supa calculator & it's actually about 16%, but that's a compounding return.
I have stated my returns, if they are not as great as you make out, why would you need a screen shot you will never get.
But to answer one question, this return does include reinvested dividends and also cost of management fees. But you should know this right?
Name a Kiwisaver fund where dividends are paid out? That would be drawing down of your Kiwisaver, but that's just a basic understanding.
Did you miss the bit about being after tax returns?
As it's my NZ based Kiwisaver the NZX50 is a better comparison, however I don't really care what someone else or something else has done. I am happy with my returns.
For some reason both SailorRob & yourself think others need to prove things to you.
I have news for you, no one cares what you believe or don't.
Hey but that's just how the real world works.
No need to delete your post, in fact please keep it up as it for everyone to see as it says a lot about your personality.
I have no reason not to believe you about these returns.
But you have said you have three separate 'strategies' (three portfolios) a kiwisaver fund, a small business and presumably a house.
Sure, one of these multiple 'bets' is going to look OK.
But.
What matters is overall.
Otherwise you're just telling us about your winners.
Just because something is NZ based doesn't mean it should be compared against a NZ equity index at all.
Not at all.
Just an excuse for crappy performance.
Turning $1000 for example into $2,850 after tax in 8 years I would hardly say is crappy performance, but there are always other places you can get better returns.
I have never claimed to be the best investor of all time or claimed I am a good investor at all. I just state what I do and for some reason you think you are entitled to criticize that.
This daily merry go round is really tedious & my time is far too valuable for the tedium you offer.
At best it's mediocrity considering the general market.
But as I say with multiple portfolios you can always harp about your highest performer while the rest lose money.
I agree you've never directly claimed you're any good but reckon you're a former pro and all of that. Which by definition means you're crap.