BN – I was calculating my returns performance and thought I’ll do this math and share it here as well. Since I joined BNP in march 21, my IRR (net of annual taxes paid) has been 36%. If I hadn’t sold stocks to pay my taxes, gross would have been much higher. Perhaps close to 41-42%. (This also accounts for the stocks which I sold down at the beginning since you recommended that they weren’t good and hence booked losses early in my journey). More importantly I realised that this was accompanied with far less stress vs the earlier period where I was just too focused on value investing and turned up disappointed when it didn’t work out. So, Thanks for everything and introducing me to the concept of Price action!
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