I am curious to know if we did good last year, or if we should be in more agressive accounts.
2007-02-08 14:22:22 · 6 answers · asked by jijill 1 in Business & Finance ➔ Personal Finance
I think that was great . Considering last year's market. I would try that again this year. Good JOb
2007-02-08 14:26:33 · answer #1 · answered by Sugar 7 · 0⤊ 0⤋
Not enough information. Your return is based on the choices you have.
To know if you have made good choices would depend on the number funds, type of funds and the fund's ranking within its group.
If you added all the funds up to get 21.43%, and you only had one fund, that would be great. If you had 5 funds, that sucked.
The correct way to calculate this is to average the returns, not sum them. That gives you the actual ROI (return on investment).
Get this month's Money Magazine, they have a ranking and listing of funds.
You can also go to http://www.morningstar.com and check on the ranking of your funds.
Good Luck
2007-02-08 22:39:37 · answer #2 · answered by A_Kansan 4 · 2⤊ 0⤋
I beat the market by 2.5% (16+% vs 14% for the market) last year, and I was pretty happy with myself. If you beat the market by 7%, you should be very happy.
2007-02-09 10:00:23 · answer #3 · answered by Quixotic 3 · 0⤊ 0⤋
20% return is amazing considering, GIC and Money Market are at 3-4%
Anything above 10% is a good return
2007-02-08 22:30:24 · answer #4 · answered by onewhosubmits 6 · 0⤊ 0⤋
all I can say is, "what did you invest in?" That is awesome. As long as you atleast earn 6% you are keeping up with inflation and getting a little. 21% is AWESOME!
2007-02-08 22:34:44 · answer #5 · answered by onephathippo 2 · 0⤊ 0⤋
sounds real good.let it ride.
2007-02-08 22:25:34 · answer #6 · answered by I Bleed Black & Gold 6 · 0⤊ 0⤋