Originally posted by basant
This poll has perplexed me. I thought that there wouldn't be too many people having a 50%+ return but the data shows something else. Now there should be no incentive for anyone to wrongly cast his vote because he gains nothing out of this because there is no display of his identity but still it would be nice if we can have an honest poll.
I guess the idea is to compute returns since inception and not for the past one year!
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Yeah even i was surprised people quoting 50% + as there is no pressure on you to quote false figures. But one way to address this is
1. The vote must be from people who have invested for atleast 3 years so that bear markets are also accounted in their results
2. Ignore the 50%+ category as thats impossible over a long duration of 3+ years, or the people who have voted that, should post the stock they bought (buy and sell price also) that gave them that kind of return to pull entire portfolio returns to 50%+. We could even ask for the rational for picking that investment and how they would sustain it going forward.
But one thing i found interesting was some people are quoting the truth and infact inspite of having multibaggers in your portfolio, overall returns would be 10-20% over a longer duration because you made the fatal mistake of putting your gains into a stock that declined. In fact i recall tamasek lost some 40$Bn in the financial crisis because of this, including investment of 5$Bn in merrill lynch. They would have taken 20 years to make that 40$bn, but in 1 6 month period lost the whole thing and chairman had to resign.
I think if you confront the facts directly it would help improve your decisions going forward. So i'm hoping many people benefit out of this excercise.
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