Apprenticed Investor: "How My Doin?"

Friday, October 21, 2005 | 07:53 AM

Tscm_1The latest "Apprenticed Investor" column is up:  "How My Doin?"

This week, we look at how investors can measure and track their own performance. 

Here's the excerpt:

If you manage your own assets, knowing how well you did -- or didn't do -- is crucial to your success. To do this, you need a reliable method to measure yourself. Some of you may discover that it's cheaper, more tax-efficient, to simply index; you may ultimately generate better returns by avoiding stock selection and market-timing altogether.

Like most people, you think you know what your performance is. But I'll bet you cannot tell me what your returns were for the past one-, five- and 10-year periods. How did you do last month and last quarter? How have you fared relative to the S&P 500, the Russell 2000 or the Dow?

If you cannot answer these questions, you know far less about your own performance than you thought you did.

The basic tool to help answer these questions is the spreadsheet. We start with an Excel template, and today we will review several ways by which you can evaluate your returns. You will be able to compare how well you are doing relative to the benchmarks over any time period you like (daily, weekly, monthly, quarterly, etc.)
Download Excel template



 Apprenticed Investor: Trading Diary, Part II, 10/20/2005 7:08 AM EDT

Friday, October 21, 2005 | 07:53 AM | Permalink | Comments (11) | TrackBack (1)
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» Keeping Track of Your Investment Performance from Specious Argument
Barry Ritholtz has a good article Apprenticed Investor: "How My Doin?" on his blog The Big Picture. Ritholtz encourages us to track of our investment performance so that we know if we are winning or losing. Moreover, he provides a... [Read More]

Tracked on Oct 23, 2005 10:55:49 AM


Oh boy. A spreadsheet.

Posted by: John Navin | Oct 21, 2005 8:08:40 AM

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