Thanks to this post from Dividend Life, one of the best reads when it comes to dividends (even though he moved most of his investments into funds), I finally managed to get my head into something that I wanted to do for a long time, creating an index fund that would summarise all the investments that I am following.
Incidentally this system gives me the chance to keep track of the total return of the PF (not majorly interested to look at it every day as I am in for a long ride, but an important measure nonetheless), and discloses less details on the net worth that I am currently managing. This is maybe a silly aspect, but there are things that are better kept private, also in the light of the fact that more friends are following me online as well.
Having said that in order to have an “half decent” page on the results of the index fund I need to have some data, so right now I am collecting monthly positions and some ideas on how to present the page.
Inception has been set at 1st of January 2016, so far I cannot complain about the performance because the fist month was closed with a -1,52%, at a price of 98.48 Euro.
The NAV keeps track of everything, exchange rates, dicidends, taxes, commissions paid and future ones and of course stock/bond value.
Let’s see where this is going to get me, I love statistics and math so in a way it’s also a chance to refine my financial maths skills… 😛