How do you keep track of your portfolio?
I am sorry if this question seems a bit elementary but this is the first time I invest. I am planning to invest in mutual funds and I will be purchasing them on a monthly bases(a small contribution every month). Of course from month to month the mutual fund prices tend to change, so how do you know if your portfolio is gaining or loosing when you purchase mutual funds at different prices? What is your technique? Thanks.
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You can track you investments on Excel
Date______A________B____________C_______D_______E (D-C)
_______Number___Cost Per_____Total cost___Curent __Difference
_______of shares share____________________Value
Do this for each monthly purchase.
I receive a monthly statement from the broker. You can also sign up for the online service and check you account daily.
Beatthebenchmark.net very good as well. I think that there is even more analysis available than in google.