4 ms·
Hold on, it's not comparable to the ~10$ CAGR of the SP500 is it? RenTec's fund is capped so it's an average return of 71.9% but not an annualized return, since
by javiermares 7y ago
Hold on, it's not comparable to the ~10$ CAGR of the SP500 is it? RenTec's fund is capped so it's an average return of 71.9% but not an annualized return, since the returns are not compounded. Correct?
- javiermares 7y ago* ~10%
- eigenvalue 7y agoThat's right, they dividend out the profits each year (or at least they started doing that once the fund got over ~$5b or so). Otherwise if you do the math (1.66^33) they would end up with most of the money in the world!