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09-24-2012, 11:16 AM
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#21
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,251
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December 31st and June 30th. I suppose I could pretty easily do it more often but I am more interested in the investment income stream number and not so much interested in a net worth number.
__________________
"Don't you draw the queen of diamonds, boy, she'll beat you if she's able.
You know the queen of hearts is always your best bet" -- The Eagles, Desperado
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09-24-2012, 11:17 AM
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#22
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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Thanks for all the replies so far. A question for the folks who track their net worth daily. How do you avoid getting carried away by the daily fluctuations? You could conceivably gain or lose thousands in a day.
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09-24-2012, 11:19 AM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by David1961
A question for the folks who track their net worth daily. How do you avoid getting carried away by the daily fluctuations?
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Thirty years worth of scar tissue. Daily fluctuations are nothing but background noise.
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Numbers is hard
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09-24-2012, 11:22 AM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,244
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Quote:
Originally Posted by GrayHare
Calculate? Never. Gross estimate? Maybe once a year.
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I am going to do a plus 1/2.... I can not go a +1 since I actually have done a calculation a few times in life...
I rarely calculate my net worth... but I do look at my Vanguard accounts all the time and I have input a number of my other investments... I update them when it feels like they are off...
But, I do not have all of my accounts listed... and I do not have any of my DWs separate property listed...
All I am looking for is a 'feel' of what is happening.... and to make any adjustments if needed....
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09-24-2012, 11:28 AM
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#25
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by David1961
Thanks for all the replies so far. A question for the folks who track their net worth daily. How do you avoid getting carried away by the daily fluctuations? You could conceivably gain or lose thousands in a day.
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After watching daily fluctuations for a while, you become numb to them.
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09-24-2012, 11:29 AM
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#26
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by David1961
Thanks for all the replies so far. A question for the folks who track their net worth daily. How do you avoid getting carried away by the daily fluctuations? You could conceivably gain or lose thousands in a day.
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Closing my eyes to fluctuations doesn't seem like something I'd want to do. That just doesn't mesh with the scientist/engineer part of me. Besides, it's good practice. If I can watch my net worth go down overnight by more than I spend in a year, frequently, and then back up, then when the market plummets as in 2008-2009 I can perhaps watch my net worth go down 10x what I spend in a year with greater equanimity.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-24-2012, 11:34 AM
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#27
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Full time employment: Posting here.
Join Date: Aug 2012
Location: Upstate
Posts: 699
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I set up a spreadsheet in Excel to consolidate quarterly statements, and while I was at it, realized it was pretty simple to include a column that updates asset prices & net worth every time the workbook is opened.
I try not to look at it daily (cuz the swings can drive you nuts) so I keep up either quarterly or monthly.
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09-24-2012, 11:37 AM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,375
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Quote:
Originally Posted by REWahoo
Thirty years worth of scar tissue. Daily fluctuations are nothing but background noise.
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+1 But the big plus days still put a smile on my face!!
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09-24-2012, 11:55 AM
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#29
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by David1961
Thanks for all the replies so far. A question for the folks who track their net worth daily. How do you avoid getting carried away by the daily fluctuations? You could conceivably gain or lose thousands in a day.
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So?
I don't make investment decisions on just a day's results (see Day trading - Wikipedia, the free encyclopedia ).
I also don't worry about gaining a few pounds while on vacation, nor losing a few pounds if I'm ill.
Since you asked...
PS: The only time I get worried is if a certain unnamed poster starts going "Whee!"...
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09-24-2012, 12:03 PM
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#30
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by pb4uski
+1 but the big plus days still put a smile on my face!!
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+1000!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-24-2012, 12:15 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Location: GTA
Posts: 1,728
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Just calculated it and it improved my day. Thanks for the reminder.. ha
__________________
Family Motto: "Every penny's a prisoner"
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09-24-2012, 12:23 PM
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#32
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Recycles dryer sheets
Join Date: Nov 2011
Location: Katy
Posts: 97
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On the first of every month. I wait for the interest & dividend stats for my funds, CDs & IBonds then I do it.
__________________
"I'm not afraid to die, I just don't want to be there when it happens." - Woody Allen
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09-24-2012, 12:36 PM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,228
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I usually update my spreadsheet when I have any reason to login to Vanguard, and I don't need much of a reason to login. It usually ranges from a week to a month. If I have time I'll login to my other accounts and update balances, especially if I know there's been a decent change. At least once a year, or if there's been a major change, I'll save a copy so I can compare over time.
I used to do it almost daily when fluctuations when I had stock options through work, because fluctuations were bigger. I guess I just looked at the changes analytically more than emotionally. Maybe a better way to put it is that I viewed it as information, but rarely took action just because it went up or down. Now the fluctuations don't bother me, probably because I'm mostly in indices so there's not much I'd do in response to good or bad news. It helps that I'm still above where I want to be.
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09-24-2012, 12:42 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,587
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Since I use Microsoft Money, a net worth figure is available every time I open the program to enter data. I don't have it check anything on-line so it's accuracy is dependent on when I receive statements and update manually. It's really only completely up to date about once a year (when I update my savings bonds current values) but it's pretty close once a quarter when I receive all my quarterly statements and enter them in (keep in mind that there is about a 3 week lag, which means it is never truly current and I don't care).
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09-24-2012, 12:50 PM
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#35
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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I update a spreadsheet at the end of each quarter.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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09-24-2012, 01:07 PM
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#36
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Recycles dryer sheets
Join Date: Sep 2007
Location: Chicago
Posts: 221
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Once a month on the 4th (to be sure that the big 1st of the month bills are out of account to avoid distortions). I tend to eyeball the investments more frequently though.
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09-24-2012, 01:07 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,866
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I look at it daily but I only "officially" update it quarterly or when there is a one time significant change.
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11
ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
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09-24-2012, 02:09 PM
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#38
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Recycles dryer sheets
Join Date: Apr 2012
Location: Very Small Town in Vermont
Posts: 84
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I update my accounts once every month and I look at my net worth (which is calculated automatically by my software) whenever I'm having a "down" day. It always brings me a nice feeling inside to know that in many ways, things aren't as bad as they may seem.
As for the monthly fluctuations in value, well, I can't say I don't feel sad when things go down, but I'm compensated when things go up and as long as there are more "ups" for the year than "downs," I'm content.
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09-24-2012, 02:12 PM
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#39
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by Alan
I update a spreadsheet at the end of each quarter.
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Psst - Wellesley distribution this week ...
Payday 4 U.
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09-24-2012, 02:25 PM
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#40
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,671
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Only once a quarter unless I think I am going to bump up against a re-balance band or if I think I might have unrealized losses I need to book. With the market up so much since '09, the chance of unrealized losses is low right now. I banked a ton of them in '08 and '09 so my basis is low.
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