Ajax - Why is the XIRR so high here? I only bou...
Why is the XIRR so high here? I only bought these MFs a few days back
I looked it up and what I understood was it takes into consideration different purchase prices at different irregular times but still doesn't make sense why it's this high
Solution:Jump to solution
(X)IRR is typically used to calculate an annualised rate of return for investments at different points; it therefore gives wonky numbers when the entire period is under a year. It becomes more useful as time goes by.
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Solution
(X)IRR is typically used to calculate an annualised rate of return for investments at different points; it therefore gives wonky numbers when the entire period is under a year. It becomes more useful as time goes by.
Absolute returns is more suitable in this case.
Ooh I see, that makes sense. Thanks!