Yes, We Can Beat Top Wall Street Hedge Fund Managers!

My wife’s SRS account statement as at 31 Mar 2017: Put in a total of $93,075 so far, to the SRS contribution limit every year since 2010 except for one year, in 2013, where she said she did not have to pay any tax due to all sorts of tax rebates, and the bulk of them were from working mother’s child relief. Now the total amount based on cash and market value of all the shares held in her SRS account is worth $311,571.15. The internal rate of return (IRR) calculated using excel formula is 34.38%!

I managed her SRS account for her since 2010 and if not for the big loss suffered due to Ezra last year, her IRR would have been close to 60% as a lot of stocks that I picked for her generally returned more than 100% in one to two years.

I am not asking my wife to share the profits with me as she can only wait until 62 years old to gradually take out the money, each year up to $40k or there will be income tax imposed.

Peter Lynch, arguably the best fund manager in history, managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to $14 billion. More importantly, he reportedly beat the S&P 500 Index benchmark in 11 of those 13 years, achieving a compound annual growth rate (CAGR) of 29%. He is also famous for several books including, "One Up On Wall Street" (1989) and "Beating The Street" (1993), which are widely considered to be mandatory reading for all value investors.

So, Peter Lynch got his salary and extra commissions for his stellar performance but I have got nothing from my wife for the past 8 years. I am ok with that as her money is our money! Ha ha…

I am not boasting about my investing ability, but I am telling my readers with my success story that if we work hard and with the right mind-set, knowledge and strategies, individuals like me, doing it part-time, not as a full-time job, can beat the best Wall Street fund manager.

Have you started seriously your journey of investment and let your money work hard for you?

Superphang
http://superphang.blogspot.sg