tag:blogger.com,1999:blog-1602023866179666640.post7359055344648544600..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: XIRR/CAGR: Investor's true performance indicator! (7)Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1602023866179666640.post-58638228984120014432012-07-04T09:24:11.849+08:002012-07-04T09:24:11.849+08:00Of course it's NET Worth. Microsoft Money let ...Of course it's NET Worth. Microsoft Money let you do everything. You can track anything you want concerning money. You can track your stock portfolio, all the cash you have at all the places, rent-seeking properties, etc... In fact everything under the sun under individual file then combine them together to see your NET WORTH. You really don't have to worry about anything about formula, work procedure or anything. Only watch out don't GIGO the software and then think MICROSOFT MONEY DOESN'T WORKS. <br /><br />NB:<br />Just like a company, how you manage your cash flow (Assets Allocation) will determine your NET WORTH in the end. I think some of us are really K but don't try be KK. After all if you use MICROSOFT EXCEL SPREED-SHEET, can you do everything so easily like what MICROSOFT MONEY does for you. All you have to do is make sure data i/p are not GIGO. And may i ask where MICROSOFT MONEY comes from? You are actually trying to invent or beat MICROSOFT MONEY. HA! HA!<br />I know i am not K, so i use real K-people's software(FINANCIAL SOFTWARE) and not trying to be KK. HA! HA!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-81012703591275935992012-06-30T12:42:54.762+08:002012-06-30T12:42:54.762+08:00Hi, Try Microsoft Money. i think it will give you ...Hi, Try Microsoft Money. i think it will give you the answer. The sweetest thing is it is free now. On one condition you must feed back here for the benefit of everyone, what is the result of testing this financial software. Well actually it is up to you. i am pulling your legs only. Ha! Ha! i am a happy user for many years already. And i can not find any fault with this software- provided you don't GIGO this software.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-53925287427095168932012-06-30T10:47:06.702+08:002012-06-30T10:47:06.702+08:00Once I reach certain level of wealth, I don't ...Once I reach certain level of wealth, I don't be bother with CAGR/XIRR or investing performance to build up wealth anymore. It will be more on maintaining healthy cash flow and beating inflation.<br /><br />When we are small, we think big. When we are big, we think small.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-14978605813219449672012-06-30T10:42:26.144+08:002012-06-30T10:42:26.144+08:00I believe that the point is more about how to be a...I believe that the point is more about how to be a wealthy person(total wealth) rather than how to be a successful investor. Cash management is also an essentially part of the equation in being rich, isn't it?<br /><br />That's one of the reason why I believe more in CAGR/XIRR in total wealth (cash+portfolio) than simple portfolio itself, especially, if one is retired.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-14926523519529413302012-06-30T10:24:15.874+08:002012-06-30T10:24:15.874+08:00A person with wealth of 1 million, but only invest...A person with wealth of 1 million, but only invested 1,000 into a stock doesn't fix into any definition of successful stock investors.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-68980892949653370412012-06-30T10:22:14.547+08:002012-06-30T10:22:14.547+08:00How to become rich in stocks???
Second, Their wi...<a href="http://createwealth8888.blogspot.sg/2012/06/how-to-become-rich-in-stocks.html" rel="nofollow">How to become rich in stocks??? </a><br /><br />Second, Their winning position sizing:<br /> <br />It is quite common for successful retail investors to hold winning position size that is X% or XX% of their Net Worth. Read again. It is NET WORTH!!!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-46678751571016510092012-06-30T08:28:12.345+08:002012-06-30T08:28:12.345+08:00A coin always has 2 sides. Though cash might help ...A coin always has 2 sides. Though cash might help improve XIRR during bear market, more than often, cash is dragging down overall return as it does not return more than its face value. <br /><br />Think about another scenario. A person with wealth of 1 million, but only invested 1,000 into a stock and the stock flies and a ten-bagger. So what kind of return really can reflect this situation? XIRR with total wealth or XIRR with only one transaction?Anonymousnoreply@blogger.com