Monday, February 15, 2016

Portfolio Tracking Change

I was having some thoughts about how I track the portfolio and even discussed it with a few people I know. They seemed to think it would be more transparent if I used the actual buy prices I made during the day instead of the closing price.

Considering at times I might buy a stock during the day to only have it rally towards the close would make my performance look worse. Also when I make a buy and the stock heads lower into the close I'd get credit for buying at a lower price when in fact I bought the security at a higher price.  In hindsight I should have used this approach first, but at the time I thought it would be more straightforward. Either way I hope everyone can appreciate the changes and new insights. Also I do try to put a buy up on Twitter when it happens. However sometimes I have a limit order execute that I set weeks or even months in advance, and I might not be at the computer during that specific time. It's the whole reason why I have the order open in the first place. Which is to catch a security at a good price when I might not be there watching and potentially miss out.

I'll be working on making the changes in the portfolio for 2015 and 2016 this week. Including updated performance calculations which will be interesting to see the changes.  Thanks for the patience as I still work through beginners kinks.

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