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The "price" of diversification
Old 07-15-2005, 12:54 AM   #1
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The "price" of diversification

2 (small) up days in the market while my portfolio went south.... :P

Still beating the general market YTD though.

Cheers!
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Re: The "price" of diversification
Old 07-15-2005, 02:04 PM   #2
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Re: The "price" of diversification

But I'll bet that there are some days when the market goes down and your portfolio goes up ? Right ? Those are really 'feel good' days.
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Re: The "price" of diversification
Old 07-15-2005, 02:22 PM   #3
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Re: The "price" of diversification

ben, If misery loves company, I'm your lady. I went to see all the UP and, same as you. Next week is "supposed" to be down; maybe better to not look.
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Re: The "price" of diversification
Old 07-15-2005, 02:50 PM   #4
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Re: The "price" of diversification

I guess we should have been in "growth"
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Re: The "price" of diversification
Old 07-15-2005, 03:33 PM   #5
 
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Re: The "price" of diversification

I rarely watch the market anymore. I have no idea of where I'm at currently YTD. I look when I have to rebalance.

Since I am commited to taking 'no action', watching the market is silly.
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Re: The "price" of diversification
Old 07-15-2005, 03:57 PM   #6
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Re: The "price" of diversification

silly , but fun nonetheless,,,especially when going up.
My wife laughs at me for 'counting my money' all the time, can't help it...
my Dad did it, my son does it, and I do it,,, must be genetic !
.
Ray
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Re: The "price" of diversification
Old 07-15-2005, 04:00 PM   #7
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Re: The "price" of diversification

I calculate my portfolio balance on a daily basis, totally ridiculous. But it only takes a minute to add up 5 accounts on line. I just enjoy when I "pop" over into the next ten thousands. Hey, some play minesweeper, I play account counter!
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Re: The "price" of diversification
Old 07-15-2005, 04:26 PM   #8
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Re: The "price" of diversification

My Money program keeps me up to date.* I check it each night......I know..anal retentive* (is that hypenated?)*

It is nice to know if you were up or down for the day; I guess I am easily entertained* .

I really have way too much time invested in this stuff to let it all just go.* I am calculating my exit strategy down to the dollar, even though I know I don't need to.* I try to explain it all to DW but she just says "you take care of that, but maker sure we won't be eating cat food when we are 80".* *:P

No Worries Mate!* We are on track to be eating at least a high grade of dog food by then.*

Guess I need a hobby.*
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Re: The "price" of diversification
Old 07-15-2005, 04:32 PM   #9
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Re: The "price" of diversification

Doesn't Bernstein refer to this as "tracking error"?
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Re: The "price" of diversification
Old 07-15-2005, 04:42 PM   #10
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Re: The "price" of diversification

Quote:
Originally Posted by SteveR
My Money program keeps me up to date.* I check it each night......I know..anal retentive* (is that hypenated?)*

It is nice to know if you were up or down for the day; I guess I am easily entertained* .

I really have way too much time invested in this stuff to let it all just go.* I am calculating my exit strategy down to the dollar, even though I know I don't need to.* I try to explain it all to DW but she just says "you take care of that, but maker sure we won't be eating cat food when we are 80".* *:P

Do Worries Mate!* We are on track to be eating at least a high grade of dog food by then.*

Guess I need a hobby.*
Not necessarily. For years, in every idle moment, I would work up my net worth
on place mats, cocktail napkins, the daily paper, etc. A harmless distraction
in my view.

JG
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Re: The "price" of diversification
Old 07-15-2005, 08:32 PM   #11
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Re: The "price" of diversification

I update my spreedsheet every two or three days. It takes about 5 minutes. YTD is almost 5% - not bad relative to the overall market.
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Re: The "price" of diversification
Old 07-15-2005, 08:40 PM   #12
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Re: The "price" of diversification

"every two or three days. It takes about 5 minutes"

I like the cocktail napkins approach. I probably will update mine at the end of the year just to see where I am.



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Re: The "price" of diversification
Old 07-15-2005, 11:23 PM   #13
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Re: The "price" of diversification

He he - some good and honest replies!

I would like to say something cool about me only checking once a month or year but I can't help checking and also consider it a hobby as well as a FIRE-job to keep track. I also analyze new funds/products and potential tinkering and re-balancing.

And yeah I love the days when the overall market(s) are down or flat but my portfolio is up and fortunately there has been more of those!

Up 4-5% on base portfolio and closer to 6% if include the extra stuff (not RE).

Cheers!
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Re: The "price" of diversification
Old 07-16-2005, 12:16 AM   #14
 
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Re: The "price" of diversification

Quote:
silly , but fun nonetheless,,,especially when going up.
Exactly! I went a whole week without checking last month, just to see if I could do it. But now I'm back to once-a-day checking.
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Re: The "price" of diversification
Old 07-16-2005, 05:59 AM   #15
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Re: The "price" of diversification

Quote:
Originally Posted by TromboneAl
Exactly!* I went a whole week without checking last month, just to see if I could do it.* But now I'm back to once-a-day checking.*
Sounds like my Dad who stops drinking periodically to make sure he can
still do it. The guy is almost 88 for crying' out loud. He could be drunk by noon
and what difference would it make?J NO one would care (or maybe even notice)

JG
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Re: The "price" of diversification
Old 07-16-2005, 06:55 AM   #16
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Re: The "price" of diversification


Spank my behind and call me a chubby checker! I sit in the laz-y-boy and tally my brokerage accounts almost every morning. BUT (and this is a big but) it really makes no difference.

For DW's benefit I charted our portfolio's daily values and overlaid the DJIA. Guess what... very little correlation. Not too much of a surprise since our allocation is:

50% cash (various taxable and t/free)
25% equities
25% bonds

No divvies reinvested. All go into cash, then into something else when I figure out what that something else is.

BUM

ps Thanks ben. I've picked up alot of investment advice from regular contributors here. You got me looking at PCRIX and VEIEX... now own them both. Exchanged my VEURX for VEIEX to include far east exposure.
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Re: The "price" of diversification
Old 07-16-2005, 07:10 AM   #17
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Re: The "price" of diversification

Cut Throat is the most amazing early retiree. He doesn't stew about money or whether there will be enough. He seems so comfortable in his skin. Plus he seems to have a lot of fun and takes nice pictures.

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Re: The "price" of diversification
Old 07-16-2005, 07:20 AM   #18
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Re: The "price" of diversification

Quote:
Originally Posted by Martha
Cut Throat is the most amazing early retiree. He doesn't stew about money or whether there will be enough. He seems so comfortable in his skin. Plus he seems to have a lot of fun and takes nice pictures.

Can't be too much of a worry-wart when you live in minnesota. I getting the same effect in hurricane alley. I'm learning not to worry. It doesnt do any good.
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Re: The "price" of diversification
Old 07-16-2005, 08:10 AM   #19
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Re: The "price" of diversification

Worry is great fun - once you learn not to take yourself too serious. Comes natural to me - doesn't stop me from going out to play.

I call it formulating a back up plan - when I slip and get serious.

Heh, heh, heh
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Re: The "price" of diversification
Old 07-16-2005, 09:54 AM   #20
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Re: The "price" of diversification

Chubby checker ; you are welcome but I DO charge a beer in fees!
All my divies goes to cash too - and if anything left after spending it will be used for re-balancing.
Cheers!


Quote:
Originally Posted by BUM
Spank my behind and call me a chubby checker! I sit in the laz-y-boy and tally my brokerage accounts almost every morning. BUT (and this is a big but) it really makes no difference.

For DW's benefit I charted our portfolio's daily values and overlaid the DJIA. Guess what... very little correlation. Not too much of a surprise since our allocation is:

50% cash (various taxable and t/free)
25% equities
25% bonds

No divvies reinvested. All go into cash, then into something else when I figure out what that something else is.

BUM

ps* Thanks ben. I've picked up alot of investment advice from regular contributors here.* You got me looking at PCRIX and VEIEX... now own them both. Exchanged my VEURX for VEIEX to include far east exposure.
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