Amateur Investor underperforms S&P slightly in 2021

Happy New Year!  Amateur Investor focused long equity portfolio returned 24% in 2021, compared with 26.89% for the S&P 500 Index.  Following usual annual custom, I compare Amateur Investor returns for 1, 3, 5 and 10 year periods, with those of an S&P 500 index fund. This year I chose the Vanguard 500 Index Fund Admiral Shares (VFIAX), a widely held low fee S&P 500 index fund managed by Vanguard.

Amateur Investor returns (as of December 31, 2021) for:

1 year: 24%

3year: 37.3%

5 year: 32%

10 year: 24.4%

VFIAX returns:

1 year: 28.66%

3 year: 26.03%

5 year 18.43%

10 year: 16%

Although Amateur Investor underperformed the S&P 500 index by almost 3% points of return, and VFIAX by almost 5% points, Amateur Investor beat the index handily for 3, 5 and 10 year periods.

For 2021, Visa corporation stock ended the year essentially flat, down 0.92% for 2021. MSFT was  up 50.5%, ADBE up 12.85%

As of December 31, 2021, my holdings were, in the following proportions:

MSFT: 53.0%

V: 24.33%

ADBE: 22.38%

Cash: 0.28%

During 2021, new funds were invested in the portfolio, equally invested in each of MSFT, V and ADBE.

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