Practicing Doc and Blogger
20+ Year Member
- Nov 18, 2002
- Reaction score
Oh I agree. The hard part is including dividends in the return since most websites ignore that in their calculations. I do mine manually and track it various various indices to make sure it's actually worth my time. It's a little pain in the butt at first, but spreadsheets are wonderful things and make the calculations very easy going forward once you get it up and running. You can then account for cost basis, dividends, splits, and actual (and potential) tax implications.
That's what I'm talking about. If you don't know how to do that (or don't want to put in the effort) you shouldn't be in individual stocks. XIRR is a beautiful thing. Here's my tutorial if anyone cares: