Originally Posted by Gumby
And then the percentage of all that spending is calculated against initial portfolio value. .
Thanks Gumby. That's what I figured as well, but sometimes I have trouble conceptualizing things involving numbers (not the numbers themselves) that I begin to doubt myself.
I actually once had a performance appraisal that said "...it is hard to comprehend how someone who's so otherwise gifted can have such a blind spot in this regard...".
As an executive, I was the only one who had a full time accountant on my staff just to keep me out of trouble.