Our Investment Club, Pyramid 350, according to Bivio
calculations, has a posted annualized rate of return (IRR)
of 18.1% since 12/31/2006. Where does this performance rank
us among other investment clubs? Within the Bivio monitored
clubs, what is the average and what is the highest
performance? Is this type of information available?

Hi Don,

I don't know of that type of info being available anywhere.

There's a "Performance Benchmark" report you can run, to
compare your IRR to a mutual fund. I don't know if you know
about that. For our club, we have an IRR of 5.7% for
12/31/06 to 6/05/08, while the Vanguard 500 Index Fund, for
example, has an IRR of -0.3% (yes, negative). The report
takes into account when deposits & withdrawals are made, so
you might not get the same number for Vanguard.

At 18.1%, though, I'd say you're doing pretty darn well. Got
any hot stock tips ;-) ?

Mike Carroll
VistosoVIP club

Don Wagner writes:
> Our Investment Club, Pyramid 350, according to Bivio
> calculations, has a posted annualized rate of return (IRR)
> of 18.1% since 12/31/2006. Where does this performance rank
> us among other investment clubs? Within the Bivio monitored
> clubs, what is the average and what is the highest
> performance? Is this type of information available?

Comparing IRR between different clubs is very difficult. The problem
is the cash flows. We can compare against a mutual fund, because it
has a daily NAV which is smoothed out by the size of a portfolio a
typical mutual fund holds. The cash flows don't affect the NAV of a
mutual fund that much, but they greatly affect an investment club.

Cheers,
Rob