Quote:
Originally posted by Serge_Oprano@Oct 4 2003, 05:59 AM
heshe,
and here is one more and LASTR about the math.
here is MY math,
I don't know ANYBODY who uses it but me,
...and it works PERFECT for ME.
Here is what I do:
I keep the running total of my portfolio, including my checking acount I live off. Dividends added, taxes deleted, income from all sources added, stock/bond prices updated daily,
which gives me the TRUE number where I am at any given day.
If I bought $50,000 diamond,
the numbers is reduced by $50,000, so you get my drift.
Because...I don't care how much Dow is up this year, how much NASD is up this year, how much Oprano's profits down this year,
all I care about what the TOTAL, the sum of it all is like.
As a safety valve, I have the number, which is crossed on the down side, I start curbing my expences drastically and start washing condoms instead of buying diamonds.
I am 8% up for the year, 6% up year to date and this is ALL I care about as far as money are concerned.
One day, you get the beauty of MY math and thank me accordingly!
;-)
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Serge--good for you...and I am not being sarcastic.
Rereading everything I guess we are all in different positions financially
and I guess I never took that into account.
Serge, wig--you guys are most likely doing much better than me as far as me in terms of what we have put away.
You guys have larger sums and therefore most likely are much more conservative which I guess I would be too.
I, on the other hand are being aggressive trying to accumulate and therefore it is obvioulsy riskier especially dealing with indivual stocks.
h