In my last Research Digest, I shared some data on the performance of my small-cap recommendation service, Hidden Treasure, along with some of my experiences from this journey so far. Here is a bit of what I wrote:
I got mixed feedback in response to the write up. Some subscribers congratulated us on the good performance. But many pointed out that benchmark returns were missing. And some wanted me to include open recommendations as well in the analysis.
So here you go. For Hidden Treasure recommendations, both open and closed, the Internal Rate of Return (IRR)* since inception in February 2008 is 33%. The IRR for the BSE Small-Cap Index and the BSE Sensex is 12% and 11% respectively.
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