The chart above shows the portfolio position at the start of each month over the last year. The black line shows a cumulative average of the total cost of shares bought. Over the last 2 years I have had an average of $455,000 in the market based on the start of each month.
The dollars committed to the market have been relatively steady. I can use this average as a base for calculating a % return on realised trades. This method shows 31% for 2005, 21% for 2006 and (on unrealised or carried forward profits) 44% for 2007.
If I take the total dollars profit (realised and unrealised) for 2006 I would be up 65% at the end of 2006. But I don't think I should include open trade profits in the performance results.
Stevo
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