Calculating IRR?
Can anyone help me with calculating an internal rate of return for a portfolio? What tools do you use? So far the best I have found is to use is the XIRR function in Excel, but is pretty clunky. I want something that takes into account when I added to the investment, not just the overall investment versus the portfolio value. I think this is called the "Money Weighted Return" versus the "Time Weighted Return", which ignores when contributions were made.
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