Which side do you see for SUCCESS?
Right side or Left side???
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Happy in winning pennies but forgetting hidden losses in dollars.
To see both sides of SUCCESS in investing or trading, we should track and measure everything in our portfolio.
Portfolio = Current stocks value + Cash available for investing
= Capital + Realised P/L + Un-Realised P/L
AS long as your original(starting)capital is +, you are making money. What ever equation you want to use.
ReplyDeleteShould we compute dividends into the equation ?
ReplyDeleteRealized P/L includes dividends
DeleteHi CW8888,
ReplyDeleteWould 5% XIRR qualify as a middling success?
For long-term investing return, I would like to benchmark it against 2 x CPF OA 2.5% rate i.e. 5%
Deleteso XIRR >= 5%. Good liao!