Bye Bye 2017.

As I turn my back on 2017, I can’t help but think that its really been a bittersweet year.

Dunno if I should be happy or disappointed.

My benchmark has always been STI ETF. The rationale is that if over the long term, I can’t beat a passive, idiot proof way of investing, then why bother? Yet, STI ETF has been a tough competitor. I suspect most people trading their way around actually fail to beat STI ETF. Most don’t even bother to keep track, so they wouldn’t even recognize their fallibility.

Anyhow, this is what STI ETF has done in 2017:

21.69% IRR.

That’s really a monster year. I give STI ETF the benefit of not including the effects of any transaction fees, nor does the passive index have the holding costs of cash. So the odds are piled against me.

But still, I was …