I'm posting my results so far. I started investing in the stock market at the very end of 2004 and until beginning 2006 I was lost. So I stopped for a while to study more and I was very luck then to read Graham's Intelligent Investor.
The results are shown below. Of course, 7 years is not that much, but it's a clue that the methodology is working. The results show only the gains invested in stock, not for the whole personal equity. I usually invest 30-50% in stock market, except in the end of 2008, when peaked above 90%.
The results of the value investment strategy is clear: since 2006 I beat Ibov by a large margin. The total annualized TIR for the 7 years is 32.6%, versus 13.0% of Ibov.
If I was to consider just the 6 year period that I have been applying value investing theory (2006 onward), annual TIR would be 34.5%, versus 9.2% of Ibov.
Cheers to Value Investing!
11 comments:
How do you calculate that? I would like to do the same.
I do the calculations like a fund does, using this methodology:
Calculando o Retorno dos seus investimentos
I just do the calculations at the end of each month.
I'll try to do that. I have everything, from august 2008 on, registered on GNUCash.
Anyway, I doubt I had so extraordinary results as you did.
Who knows, just make the calculations and maybe post the results here.
I don't know if my numbers are right, but I think I also had a good performance since 2009. As to my calculations, wich may not be quite right, I got 303,46% from 01/01/2009 to 29/12/2011.
The composition of my netgains is:
Rents: 0,28%
dividends: 20,07%
JCP: 4,39%
net realized capital gains: 62,67%
not realized capital gains: 12,58%
If would would not consider the non realized capital gains, my performance since 1/1/2009 would me of 259,07%.
Anual realized gains (realized capital gains+dividends+JCP+rents):
2009: 81,68%
2010: 43,87%
2011: 37,37%
That's very good! Congratulations!
We have now one more clue that value investing really works!
I redid my calculations, starting with the first market value I could find for my portfolio.
In fact, I performed 204,22% from 30/04/2009 to 29/12/2011.
01/05/2009 - 31/12/09: 153,1%
2010: 12%
2011: 7,3%
It's not as good a performance as I got, but it's much better than the market.
That's still very nice.
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