It's pretty well documented that if you want to lose
weight, it helps to keep a record of what you're eating and to weigh
yourself regularly.
If you want to go somewhere new, it helps to map out a route and follow where you are as you're driving.
In other words, if you want to reach a goal, you have more chance of
doing so if you're measuring how you're doing as you go along.
If you want to do well as investors, one way to keep tabs on your
progress is by benchmarking. Benchmarking is a comparison of your
rate of return to the return you would have achieved if you'd invested
in something other than your club. For example, in the bivio Quest For
Positive Relative Returns, we compare your club rate of return to the
rate of return you'd have had if you had invested in the Vanguard Index
500 fund.
The bivio performance benchmarking report is a powerful
tool that uses your actual club data to give you a true apples to
apples comparison of how you're doing. This makes it more useful than
comparisons to market returns you'll sometimes see quoted by mutual
funds and investment advisors.
Once you benchmark where you are, you have a better
chance of figuring out what you might need to do to get where you'd like
to go. If you're learning, this information can help you get better.
If you're a pro, this information is feedback on how you're doing.
In this months Club Meeting Meeting, benchmarking will
be our educational topic. We'll discuss what it is and how you might
use it to help guide your investment choices.
We're meeting online this Thursday (July 7) at 8:30PM ET. It's free and everyone is invited!
Register Now! |