younginvestor2013
Recycles dryer sheets
- Joined
- Feb 6, 2013
- Messages
- 226
I posted a thread recently regarding the accounting method used for tax purposes (specific ID, LIFO, FIFO, etc). This has got me pondering another topic that I thought I would post to hear your input.
How do you account for your investment contributions, withdraws, dividends, appreciation, etc? Do you follow a specific process to account for every penny in NAV (net asset value) in routine intervals (i.e., weekly, monthly, quarterly, etc)?
Working in finance and accounting, I should maintain accurate records. However, after doing that at work for 7-9 hours a day, it is challenging to come home and force myself to do that for my own personal investments. While I do check performance metrics frequently, I don't have any accounting process set up to track every penny. I would like to become a bit more diligent; however, being in my mid 20s and 100% invested in equity index ETFs, I am pretty much on auto pilot and (apparently) trust Vanguard with my money.
I suppose I value the ability to come home from work and do as I please (lounge, work out, eat, clean, sleep, etc) instead of accounting for every penny in my brokerage accounts....
How do you account for your investment contributions, withdraws, dividends, appreciation, etc? Do you follow a specific process to account for every penny in NAV (net asset value) in routine intervals (i.e., weekly, monthly, quarterly, etc)?
Working in finance and accounting, I should maintain accurate records. However, after doing that at work for 7-9 hours a day, it is challenging to come home and force myself to do that for my own personal investments. While I do check performance metrics frequently, I don't have any accounting process set up to track every penny. I would like to become a bit more diligent; however, being in my mid 20s and 100% invested in equity index ETFs, I am pretty much on auto pilot and (apparently) trust Vanguard with my money.
I suppose I value the ability to come home from work and do as I please (lounge, work out, eat, clean, sleep, etc) instead of accounting for every penny in my brokerage accounts....