What benchmark do you guys use to track you portfolio performance ? I run mine past the TOP40 index. If the index drop during a day, and I drop less, I'm happy, and the same for up days. I'm always looking for that edge over the TOP40. I suspect that as long as I outperform the TOP40 on an annual basis, it makes much more sense for me to to my own portfolio management rather than handling my portfolio over to a unit trust or fund. Almost every single fund out there will have a much lower benchmark than tracking the TOP40, and once that benchmark is reached, they start to scoop generous helpings of bonusses from that "outperformance".
the past 2 years - Top40 but only on a monthly basis, not daily.
Now...stopped caring, I know my picks (like WHL) arent going to beat the top40 but why would I sell? ...and seriously put it into Amplats which might be beating the top40 but has anybody actually read the rubbish going on in these mining companies??
I have a issue with so-called fundamental value investors punting shares like Lonmin, Amplats, Telkom etc. On paper, they are dirt cheap, but the managerial and political hurdles these companies face, carries a huge and mostly unquantifiable risk. If you can't accurately quantify the risk, then how can you call yourself a value investor to start off with ?