As per my last post, I hadn’t done an XIRR for 2018… I just did and found out that I technically beat the market. Technically because I was -7.51% while the market was around -12.76% for 2018. It isn’t anyone’s goal to get a negative return in any year, but I’ll take consolation in getting 5% better than the market.
Before last year, where I wasn’t able to beat the market (I was up around 14.41% while the market was up… 23%?) I doubt I’ve had many years that I’ve been unable to beat the market in the almost quarter of a century that I’ve been trading in the PSE. They say ignorance is bliss and I was ignorant enough to think it was normal to beat the market until around a decade ago (I did pull out most of my holdings in 2007, but unfortunately did not get back in 2009, mostly just got back in 2011, 2012 and then a big push in 2016). I was thinking that maybe it was because the PSE is quite small and that was why I had such a good run. Another reason for this blog and why I post my holdings, buys and sells is I want to know if my view, or possible lack of self-awareness (of typically beating the market) is just my own hubris and not based on fact, in the same vein that if you survey a room of people, most people would think they are above average drivers when that cannot be the case.
I haven’t bought in January 2019, except for VLL at ₱5.64 on the 7th.
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