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Daily benchmark for your own portfolio

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Super Contributor
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".
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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??
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Super Contributor
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 ?
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Super Contributor
kwagga, is your portfolio made up of mainly the TOP 40 stocks?
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Super Contributor
Combination of TOP4-, midcap mostely
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Super Contributor
so your mid-caps will be outperforming if you using the TOP 40?
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Contributor
Daily ?? huh i will start tracking from today
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Super Contributor
If the index drop during a day, and I drop less, I'm happy...strange thing to say
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Valued Contributor
daily like way often .. I do annual and three year rolling annual .. coz it not about the money, it about the discipline, money follows discipline ..
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Super Contributor
ok, if my portfolio outperforms the index on any day, I'm content.happy now ?
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Super Contributor
Simon - Surely you cut driftwood from your portfolio, or do you use stop losses to do that automatically ?
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Valued Contributor
oh ya, laggers/losres and the like get binned .. but I don't need benchmark to do that, it based on individual stocks
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Super Contributor
Great post..making me think ....thanks
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