“What gets measured, gets managed.” - Peter Drucker
"Insanity: doing the same thing over and over again and expecting different results" - Albert Einstein
Someone said in a private email to me: Thanks for "pushing" people around you to measure their performance and educating us on the 2 mathematical tools, XIRR and CAGR. I have started to use them in my tracking.
"Keeping detailed records of your stock transaction is NOT measuring your portfolio performance. Better know the difference" - Createwealth8888
Don't just keep detailed records of your stock transactions. You may have to measure and track your portfolio performance closely and diligently so that you can review your performance result and re-strategize when it becomes necessary.
Investing in the stock market is still a game of strategy like Chess - you need to defend and attack as well as Anticipating the market next moves to make a kill; but sometime the anticipated move may not happen then you might get cornered into some difficult positions and then it is time to re-strategize your game again.
Read? XIRR is easy to use
Like one of my readers, have you also start tracking your portfolio performance using XIRR or CAGR after coming here?
Or you are like someone whom I know and he may still think that it is not too useful. There is no real need to diligently measure portfolio performance. Got cash flow coming to the bank can "oredi."
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小米SU7的F碼出現炒價,最高升至3萬元人民幣針對小米合作或投資企業提前進行過SU7意向登記的員工,小米統一通過短信發放F碼F碼有效期限為24小時,持有用戶可優先定購1台SU7創始版小米(01810)
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