Arborbridge wrote:Gengulphus wrote:Arborbridge wrote:... With a TR which has usually hovered in mid double figures (the highest being 20%) and is now more or less zero% from 2009, ...
How have you calculated that "more or less zero% from 2009" TR figure? Looking at a long-term share chart (e.g. https://www.londonstockexchange.com/sto ... mpany-page with "Max" time period selected), the share price seems to be about the same as it was in 2009 - so I could understand it as a capital return figure, but British Land has paid out dividends totalling nearly 300p per share since then, so its total return since 2009 is substantially higher than 0%.
I don't have time to look into that just now to give a full reply, but maybe it is because my holding wasn't bought as a single shot in 2009. Subesequent purchases are presumable showing a loss on capital.
Thanks - I can see now that I'd misread you as saying that "they" (British Land, mentioned just before my quote) have experienced that total return, when you meant that "I" (you yourself, mentioned just after it) have experienced it. No need for a fuller reply!
Arborbridge wrote:I've usually added a rider to XIRR discussions that the results is almost completely individual, dependent as it is on the investor's actions. It is not just a marker of the share in question, but also of the efficacy of the technique of the person investing.
Agreed - but note that rate-of-return calculations can be done in a way that just depends on the starting and ending dates and not on the details of any individual's investing: basically, you just use an assumed purchase of say 1000 shares (*) on the starting date, dividends that go ex-dividend on those shares between the starting date and the ending date, and an assumed sale on the ending date. What tripped me up here is not the absence of a rider, but the fact that your statement could be read quite easily as either being about the company's rate of return calculated in that way for British Land shares from 2009 to 2020, or about your personal rate of return on your various purchases dating from 2009 - and I read it the wrong way.
(*) The answer doesn't depend on the number of shares in principle - but with small numbers of shares, rounding errors might make a noticeable difference.
Gengulphus