The Lai Fund vs. the S&P 500
Here is the performance of the Lai Fund (the investment
accounts I manage for me and my clients) vs. the S&P 500 over the past four years. The annual performance of the Lai Fund is calculated as the Internal Rate of Return of the portfolio for the calendar year (e.g.
1/1/1996 through 12/31/1996). I use Quicken to calculate the Internal Rate of Return of the Lai Fund portfolio.