What is the Internal Rate of Return (IRR) and what is it used for?
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Are you intimidated by terms like IRR (Internal Rate of Return)? In this video, we break down in a simple and practical way what IRR is, how to calculate it, and, most importantly, how to use it to compare different investments.
00:00 What is IRR (Internal Rate of Return)?
00:42 Why IRR isn't as complicated as it seems
01:30 Technical definition of IRR
02:14 Practical example
03:45 How to use IRR to compare investments
04:47 Reflection