You may always shine if you chose the right index to compare to. Some funds compare their performance to the index they want, playing with numbers like fucking crooks. And we believe them because we don't know how these indexes work. Or we're too lazy.
I think we should always compare ourselves to the general market because that's general performance. That's the real market.
My portfolio is made of about 60% US stocks and about 40% CAN stocks. There's some large caps, many medium caps and some small cap. Should I compare myself to 75% of the S&P500 and 25% to some fucking small cap index? That wouldn't be honest. So I compare myself to the TSX/S&P500 composite index (a mix of Toronto and Wall Street).
So, here's how it looks for the 3 first months of the year:
Penetrator's portfolio performance (PPP): -1,6%
TSX/S&P 500 performance: -5,1%
Penetrator's portfolio domination (PPD): 3,5%
Although it's been a negative performance, I think I did well given the fact that I beat the market and that 2 of my 3 first positions didn't do that well (My top 3 is: Ross Stores, MTY Food Group and Alimentation Couche-Tard).
Looking forward, I think my portfolio is very well balanced (Average forward PE: 16, average ROE: 27 and average beta: 0,8). There's been a lot of movement in my portfolio since the beginning of the year and now, it's mostly composed of very predictable stocks with a good ROE, a forward PE similar or lower than the market and a better growth than the market.
How's it been for you?