My Dream
Full time employment: Posting here.
Not sure if I'm using the proper terminology but we're visiting our financial adviser tomorrow and it seems he takes a different approach each time he explains how our portfolio is doing. I invest a small portion of the portfolio and it appears I'm doing a bit better interest wise then the adviser but then I wouldn't take the same risks on a much larger portion of the portfolio.
Either way, I base how well I'm doing on where the Toronto Stock Exchange (I'm Canadian) is at on a specific time period. In other words. If I take any time period, let's say Jan 1st 2010 and use that as a starting point, on an amount of $100,000.00 and the TSX is at 10,000. As of today if the tsx is at 10,500. then that equates to a 5% increase, if my portfolio has gone up 5% then I'm following the tsx. I would like to beat the tsx by 1%. Does that make any sense? What I'm saying is I use the tsx as my benchmark.
Any thoughts?
Either way, I base how well I'm doing on where the Toronto Stock Exchange (I'm Canadian) is at on a specific time period. In other words. If I take any time period, let's say Jan 1st 2010 and use that as a starting point, on an amount of $100,000.00 and the TSX is at 10,000. As of today if the tsx is at 10,500. then that equates to a 5% increase, if my portfolio has gone up 5% then I'm following the tsx. I would like to beat the tsx by 1%. Does that make any sense? What I'm saying is I use the tsx as my benchmark.
Any thoughts?