SteveR said: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".
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.
silly , but fun nonetheless,,,especially when going up.
TromboneAl said: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.
Martha said: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.
BUM said: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.
Have Funds said:Doesn't Bernstein refer to this as "tracking error"?
ESRBob said:I think it is just diversification. Tracking error is when you really are trying to invest in something that will track the index (like an index fund) and then find it drifts off due to a mismatch about what they actually own and the fees/commissions they pay to own it, and what the market index actually does.
ESRBob said:Yeah, Bernstein makes quite an issue out of this. I think the conversations at this cocktail parties must be a lot more explicit than it is at the ones I go to. We almost never talk about our portfolios or earnings -- or even investments really. Maybe the odd private equity deal, or an annual figure in January parties for those who manage money professionally. If you are down, then you just smile and keep your mouth shut. No one I know is going to make you tell how big 'your number' is.