(12-18-2021, 03:13 PM)Scooterd Wrote: I may want to play , But confused with the rules. (I do understand this year you want to eliminate ETF's )First of all you have to play. You are here everyday and already our eFriend . After Christmas I start busting knee caps on other threads and make people play.
Q. Does that include also CEF's ETN's, REIT's, Limited Partnerships?
Secondly, The math does not not seem to be adding add up for me (perhaps it's just me).
For Example
I pulled the 2021 spreadsheet and to use the first entry on the sheet as an example -
I have listed Total Return YTD (as of 12/17) beside each security.
Q. I am not understanding how "Column average gain" was derived using "Present Market YTD Total return (12/17) data" for each security
ABBV Total Return YTD 26.66%
KMI Total Return YTD 21.83%
ORC Total Return YTD -4.11% (mortgage REIT)
RETL Total Return YTD 81.82% (ETF)
USDP Total Return YTD 58.72% (Limited Partnership)
Column Average Gain 29.49%
I derive average Total Return YTD for this basket of securities (12/17) is 36.98% (Again it may just be me).
For an identical basket of securities, The Total return will always be higher than that of the price return.
It will be so due to the additional payouts by way of dividends.
Yes we are going to eliminate ETFs. I love them for my personal port, but it removes some of the the skill out of this. I definitely wanted to remove leveraged ETFs. Not that I mind if Ken wins lol, but he could pick say a triple leveraged sector ETF. That sector explodes. Ken picks four other stocks that are fairly flat, and he might still beat most of the other players who picked five better performing stocks.
As far as the scoring, we'll definitely have a look. I didn't pay attention to who posted the last update. Portfolio visualizer isn't fool proof. To be honest the first few years this wasn't competitive enough to matter if it was perfect. Dividends do count in your score. They probably shouldn't be dripped for the contest calculation. I'm OK with either way though. A lot of years they will just be the tie breaker in a tight contest. Somebody will usually pick a few hot stocks and win on CAP appreciation alone. It hasn't happened yet, but if a company does a complicated spin off and the spins pay a dividend too, or a large special dividend a calculator can't handle. We'll just have a "meeting" and reach an agreement on the true value of that initial investment if you held it until end of year without selling anything.
And don't forget you may have one growth stock with no dividend. That's a normal thing for a DGI investor to do. If you don't you will likely lose because one or more contestants are likely to get lucky and pick a fast mover stock that beats the market by 25%.