YTD 2025 Networth tracking thread

[PrincessBunny]

Just to add on, clients of finance industry also tend to withdraw during market crashes. This will also cause the MWRR to give a much lower return due to the smaller AUM base. To mitigate this, TWRR is used as the effect of cashflows are removed from the equation.

Care to share your top 5 holdings?

No Mag 7 in the top 5.
WRB, FIX, COKE, BAC, IBKR

 

[stanlawj]

MWR is what we investors truely make from our money in the market.
TWR is just a way to sell the notion that it "removes cash inflows and outflows".

Sub-periods of negative returns will make TWR larger than MWR.
Hence, with a longer track record for professional portfolio managers, the gap between TWR and MWR actually widens over time as most are unable to beat the market index.

On the other hand, large positive returns will narrow the gap, especially so when you buy more during crashes. In such cases, MWR will outpace TWR.

The best investors tend to have a higher MWR than TWR as they buy the dips, so good job for you.

Ok, now I understand why TWRR is preferred by fund managers.

Because their clients will panic withdraw/redeem funds during dips, and then at the slightest sign of some rally, they start to sell (and after long rallies, only then start to buy more). These cash in/out is not stored in with the fund manager so will significantly hurt the fund manager's MWRR.

Whereas investors managing own funds will buy the dips/crash and then sell only after long rallies. And for myself, all the cash to buy or sell still stay in my broker account, not cashed out immediately!
I use IBKR as pseudo savings account since they pay higher interest on cash than SG banks.

So basically, MWRR for retail investors managing own portfolio. TWRR not needed. If TWRR is smaller than MWRR, it isn't a problem for retail investors, as long as TWRR is still higher than chosen benchmark.
Yeah, Adam Khoo should report MWRR since he is managing own money and not a fund manager subject to untimely client redemptions.

 

[laokorkor]

Ok, now I understand why TWRR is preferred by fund managers.

Yes, time weighted return is preferred by asset managers.

Example, fund company rolls out 5 funds. Over 5 years, 4 funds get mediocre returns and 1 fund shoots through the roof. Fund company markets the superstar fund like crazy. This particular fund gets huge inflow and because of asset bloat, it subsequently gets poor return.

Using time weighted return, the fund still gets a good performance facade, thanks to its previous 5 years of good returns.

 

[Jirachi]

I don't really understand the TWR and MWR. I just take the lower TWR anyways.

2025:
TWR 46% YTD
MWR 67% YTD

2024:
TWR 84%
MWR 88%

Consistently beating ETFs and fund managers in 2 years.

 

[PrincessBunny]

Check this site for the explanation.
https://www.sharesight.com/blog/time-weighted-vs-money-weighted-rates-of-return/

 

[PrincessBunny]

I don't really understand the TWR and MWR. I just take the lower TWR anyways.

2025:
TWR 46% YTD
MWR 67% YTD

2024:
TWR 84%
MWR 88%

Consistently beating ETFs and fund managers in 2 years.

Your MWR is higher because you did a good investment decision of buying during the dip, as mentioned by princessbunny me in #4044 below.

The best investors tend to have a higher MWR than TWR as they buy the dips, so good job for you.

 

[Jirachi]

Your MWR is higher because you did a good investment decision of buying during the dip, as mentioned by princessbunny me in #4044 below.

Oh thank you! But I did not really buy dips. I buy when chart switched to uptrends.

 

[d5dude]

I dun think TWR or MWR accurately capture net returns, at least they dun appear to be correct on IBKR.

My returns (MWR) are supposedly negative since inception, while TWR is up 36000%, none of these numbers are even remotely close to my actual returns (which I manually tabulate once a year). I think even very short term cash injections/withdrawals to the account greatly distort these numbers, especially if they are large.


free picture upload site

 

[stanlawj]

It depends on how much you started off. If you began with a small account and continuously inject funds (savings, bonus) during bear markets, definitely over 5 to 10 years it will be huge returns. Especially when the total injected money is multiple times the initial savings amount.

I think only the YTD is relevant here, like I would like to know how you managed to get a superb 76% return YTD!

 

[d5dude]

It depends on how much you started off. If you began with a small account and continuously inject funds (savings, bonus) during bear markets, definitely over 5 to 10 years it will be huge returns. Especially when the total injected money is multiple times the initial savings amount.

But according to IBKR my MWR since inception is -591%, that doesnt look like huge returns to me. These numbers are obviously wrong, this is why I only look at simple return i.e final value - cost.

I think only the YTD is relevant here, like I would like to know how you managed to get a superb 76% return YTD!

Believers in the AI revolution got paid, btw even the YTD numbers are not exactly accurate...

 

[limster]

3/4 of the year already over.

Despite being in the Red for NVO, my portfolio continues to grow. The last 3 years have been really good to investors.

 

[wutawa]

sep was a surprise. I tot will dip but end up very huat.

 

[highsulphur]

sep was a surprise. I tot will dip but end up very huat.

Apparently was the third best sep for equities in the last 27 years

 

[DevilPlate]

All paper money.

Take out some to spend

 

[revhappy]

3/4 of the year already over.

Despite being in the Red for NVO, my portfolio continues to grow. The last 3 years have been really good to investors.

Congratulations! International Non US equities are also up big time, I remember your allocation is high in UK, EU and Australia value stocks right? All these have done really well.

Actually it is the US mid and small cap that is the only thing that is cheap right now. The flow in US goes mostly to the 7 megacaps, hence the PE ratio of mid and small caps is still quite low.

 

[Jirachi]

sep was a surprise. I tot will dip but end up very huat.

I closed my hedge early after seeing the weakness in the selling.

 

[Dividends Warrior]

Finally crossed the $1m milestone.

My Q3 2025 Portfolio Update

 

[Euqorab]

Finally crossed the $1m milestone.

My 9M2025 Portfolio Update

Gxgx for cxg, divy guru!

now your DBS-PropNex-ShengSiong become semi strikers

 

[Dividends Warrior]

Gxgx for cxg, divy guru!

now your DBS-PropNex-ShengSiong become semi strikers

Thanks for the support! Yup, these 3 gives a balance of dividends and some growth.

 

[laokorkor]

Finally crossed the $1m milestone.

My 9M2025 Portfolio Update

When I saw that 9M2025 link, I immediately jumped on it and clicked thinking that it's "$9M in 2025". No? LOL!