As 2015 is coming to an end, I am interested to see how well I did, especially since this is the first year where I had sufficient surplus to invest seriously in the stock market. I am especially interested to know how well I fared against a form of benchmark. In a previous article, I suggested that an easy and good way for anyone to start investing is via ES3, an Index ETF tracking STI. The truth is, while I did buy some ES3, I also bought many other stocks as part of my portfolio because I thought that I could perhaps do better than the market (i.e ES3). So how did I fare against ES3? I measured it in two dimensions: returns and risk.
For returns, I chose time-weighted returns as I inject new money into my portfolio irregularly and I do not want that to distort my comparison....