We started with cash and have put in new cash every quarter.
We have added standard stocks on a monthly basis, but sold
nothing.  We have had a few dividend distributions,etc., but
no membership withdrawals.  It is all handled by the
accountsync.

The individual stocks (roughly equal allocation) have AIRR.
of 69%, 47%, 44%, 33%, 27%, -9%, -18%, -33% = 21.8%

The performance benchmark lists an IRR of 5.7% (vs. the 500
index of 12.7%).  This makes sense as an IRR "to date."  The
actuals are about a 3.65% gain in total, but this represents
purchases over time.

The individual member AIRR is listed as 5.3 - 6.2% with an
average of 5.7%. It is an IRR to date, not an AIRR.

Why?

The "investment" IRR doesn't include the drag exerted by any cash balance. The "member" IRR includes the cash balance in the calculation. The 0.4% point difference is the effect of not being 100% invested in your stocks at all times.

 

Ira Smilovitz