Originally Posted by LOL!
How many folks would really say anything about their return at the water cooler? I certainly would not. Who wants to set up a new poll on that?
I actually have these types of conversations. Some guys at my company invest a lot. They brag about performance.
One guy is a crazy spreadsheeter, and I called his spreadsheet "sissy" because he didn't have a sheet for YTD return. The next day he came in and said 15.5%.
We have an investment club that most folks belong to (I don't because I don't invest in individual stocks like the club does).
I'm also on the committee that manages our company's Employee Stock Ownership Plan investments, so knowing and sharing my YTD return gives me some credibility among the bossmen that I have to persuade to listen to me. Just showing that I can calculate my YTD return also gives me some credibility.