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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Eric L who wrote (19926)	3/12/2000 8:45:00 PM
From: Mike Buckley	Read Replies (1) of 54805

the excellent "Portfolio Manager" at Microsoft Investor provides all of this detail (and synchronizes with all my brokerage accounts) and any minute now DownSouth will pop in here to tell us that Quicken does the same. As everyone explores alternatives to manually keeping stock prices on a spreadsheet, be aware that most sites and personal finance programs do not take into account the cash portion of the portfolio. In other words, the various calculations show only the returns of the equity portion of an investor's portfolio. As we manage our accounts, a complete understanding of how well we are doing compared to the indexes requires that we include the cash that sits in our account earning relatively meager returns until we decide where to put it to better use. If you don't include the cash in the total value of your portfolio when you calculate the return, you are not getting an accurate picture of the portfolio. Also, most of those sites and programs don't allow you to mingle the assets of various accounts. As an example, I have a joint taxable account with my wife in addition to the three tax-deferred accounts that we consider part of our household portfolio. The only way I know of to monitor my performance as the household portfolio's manager is to keep a spreadsheet that treats the combined assets as one portfolio. Anyone who prefers to get a sample spreadsheet instead of having to construct one using my missive posted earlier, please send an e-mail to me at mbuckley@aol.com. I'll return an e-mail with an attached spreadsheet. Be sure to let me know what version of Excel and Windows you are using. --Mike Buckley

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