Q: What's Michael Heffernan's long-term compound after-tax return on his personal stock purchases?
A: (i) 20% p.a. (Buffett's missing twin) (ii) 15% p.a. (a true Guru) (iii) 12% p.a. (superb fund manager) (iv) 7% p.a. (average fund manager, after fees) (v) 4% p.a. (those Telstra dividends have come in handy) (vi) 0% p.a.('I've never lost money on stocks') (vi) Negative return ('At least I've got my day job') (vii) Michael Heffernan hasn't actually bought any stocks on his own account (only "selling" Telstra)
Hey, we shouldn't be laughing. What's to say our own portfolios aren't going to run aground someday? Investing is never easy - stay humble people.
MLX Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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