Calculating the Internal Rate of Return
If you, like most of the personal financial community, prefer to invest passively each month it can be difficult to calculate the true percentage gain throughout the year. Take for example someone who starts a brand new fund and invests £100 each month for 12 months, giving a total investment pot of £1200. If the pot was now worth £1260, the platform website would show a percentage gain of 5% over the total amount invested. However, the actual percentage gain…