Results are preliminary, since Quicken has not updated some of the 12/31 trades and distributions. These should not be large enough to affect much. Also Fidelity does not have their calculation of yearly results yet and won't have them for couple weeks at least.
Other caveats: rates are
from Quicken/IRR which I still believe is buggy/not reliable. Couple
positions are wide spread micro caps that trade on appointment, so
their prices are sometimes misprinted and therefore misaccounted.
Couple positions are foreign stocks that may have incorrect final
prices. Some results include 401(k) accounts where I cannot invest into
my selection of stocks and ESPP accounts where return accounting by
Quicken is suspect. So reader beware.
Executive summary: 8.7%
return which underperformed market. I am selling my investment
portfolios and winding down active investing.
Total IRR across all accounts is 8.05%. After removing ESPP and 401(k)
accounts, the return is 8.7%. Both of these undeperformed market a lot
(benchmarking against SP500 13.7% return). These returns are even worse
considering that BRK stock return was 28% and Fairfax return was 31%.
Both of these were positions in my portfolios.
~16% cash position and ~16% fixed income position, the results are bad.
The fact that other active managers did not do well this year is of
As an aside 401(k) portfolios underperformed SP500
because of: 30%+ bond fund allocation, 30%+ international allocation
(VTIAX and FDIKX are both negative for year) and some small cap
So my plan is to liquidate my investing portfolios in
orderly fashion and convert to mostly passive investing. I have some
concern that funds that I passively allocated performed worse than my
active investments last year. However, there are two solutions to this:
1. Passively invest in BRK/FRFHF/etc. mix. 2. Longer term the non-ideal
allocation might even out.