We just met last night and our club continues to be
impressed by our stocks' performance. I'm wondering if our
returns are common with what other clubs are experiencing or
if we're actually doing what we set out do...MAKE MONEY.
:-) Is there someplace on Bivio where we can compare our
results? Kimberly

Probably the easiest way to get a handle on whether your club's performance
is "above average" is to use the Performance Benchmark report and compare
your club's IRR with an appropriate benchmark; say, the Vanguard 500 Index
Fund (for a club that owns essentially all large companies) or the Vanguard
Total Stock Market Index Fund (for a club which has also diversified into
medium and small companies). Do this over several time periods (1 year, 3
years, 5 year, 10 years). If a club's IRR exceeds an appropriate benchmark
IRR by 1 or 2 percentage points over a variety of time periods, the club is
doing very well indeed.

You could also ask Laurie to produce a "relative return" chart for your club
which compares, over time, your club's IRR with a benchmark IRR.

In general it makes no sense to compare IRR ("absolute return") for one club
with another club. That's because the cash moving in and out of the two
clubs each month is unlikely to be the same.

-Jim Thomas

> We just met last night and our club continues to be
> impressed by our stocks' performance. I'm wondering if our
> returns are common with what other clubs are experiencing or
> if we're actually doing what we set out do...MAKE MONEY.
> :-) Is there someplace on Bivio where we can compare our
> results?