I use to get a % for the IRR for my club and Vanguard 500
Index Fund (VFINX) to compare how we are doing. I am
putting in the date 1/1/2008-current date and I am getting
"NA" instead of a %. Last month were almost even in value
so I assumed that was the reason, but this month there is
about 3500 difference in value so I think there should be a
% shown. I like to share this at the meeting. I must be
doing something wrong since I used this many times before.

Lillian G. Caldwell writes:
> I use to get a % for the IRR for my club and Vanguard 500
> Index Fund (VFINX) to compare how we are doing. I am
> putting in the date 1/1/2008-current date and I am getting
> "NA" instead of a %. Last month were almost even in value
> so I assumed that was the reason, but this month there is
> about 3500 difference in value so I think there should be a
> % shown. I like to share this at the meeting. I must be
> doing something wrong since I used this many times before.

There's a feature we have called the AIRR Waiting Period. I've
included the help discussion here:

    Note: AIRR's for short periods of time can become extremely distorted
    and misleading. For example: Let's look at a $1000 investment that
    earns a 1% total return or $10 on the first day. On an annualized
    basis $10 earned on $1000 invested for one day equals an AIRR of over
    3600%. That's because the AIRR calculation is an annualized
    calculation. In other words, if your put $1000 into a bank account, in
    order for that $1000 to earn $10 in one day that bank account would
    have to pay interest at a rate of 3679%.

    To avoid confusion, a value of N/A is displayed when the period is
    shorter than the configured A.I.R.R. Wait Period. An officer may
    change the default A.I.R.R. Wait Period as described in the Club
    Configuration help topic.

You can read more about the AIRR here:

    http://www.bivio.com/hp/investment-performance-detail-report.html

Cheers,
Rob

Thank you so much for the help with Performance Benchmarks. I told the club
Monday I would have an answer soon. I will see about changing the wait
period.

Lillian (Kittie) Caldwell
----- Original Message -----
From: "Rob Nagler" <nagler@bivio.biz>
To: "The Club Cafe" <club_cafe@bivio.com>
Sent: Tuesday, March 18, 2008 9:55 AM
Subject: Re: club_cafe: Performance Benchmark


> Lillian G. Caldwell writes:
>> I use to get a % for the IRR for my club and Vanguard 500
>> Index Fund (VFINX) to compare how we are doing. I am
>> putting in the date 1/1/2008-current date and I am getting
>> "NA" instead of a %. Last month were almost even in value
>> so I assumed that was the reason, but this month there is
>> about 3500 difference in value so I think there should be a
>> % shown. I like to share this at the meeting. I must be
>> doing something wrong since I used this many times before.
>
> There's a feature we have called the AIRR Waiting Period. I've
> included the help discussion here:
>
> Note: AIRR's for short periods of time can become extremely distorted
> and misleading. For example: Let's look at a $1000 investment that
> earns a 1% total return or $10 on the first day. On an annualized
> basis $10 earned on $1000 invested for one day equals an AIRR of over
> 3600%. That's because the AIRR calculation is an annualized
> calculation. In other words, if your put $1000 into a bank account, in
> order for that $1000 to earn $10 in one day that bank account would
> have to pay interest at a rate of 3679%.
>
> To avoid confusion, a value of N/A is displayed when the period is
> shorter than the configured A.I.R.R. Wait Period. An officer may
> change the default A.I.R.R. Wait Period as described in the Club
> Configuration help topic.
>
> You can read more about the AIRR here:
>
> http://www.bivio.com/hp/investment-performance-detail-report.html
>
> Cheers,
> Rob