📈 Track Your Investments Like A Pro

Hi everyone! I hope you had a nice week.

Are you looking to stay on top of your investments and maximize your returns? One crucial aspect of successful investing is maintaining a proper overview of your portfolio. This week, we'll be discussing the importance of investment monitoring and how to do it effectively. In fact, one of my readers, Sergio, recently asked for my advice on this topic. So, let's dive in and explore how you can keep track of your investments and achieve your financial goals.

I would like to learn from you about the system/layout that you use to maintain proper overview of your investments.

Do you use excel? Do you journal on investments?

This is an area that I know I need to improve in and would love to hear your thoughts.

A really good question and an important topic. So, let's dive in and explore how you can keep track of your investments and achieve your financial goals.

💎 TL;DR:

• I believe that it is essential to have a good overview of your assets.

• It motivates and helps you understand your position better.

• I have been using my own Google Sheets spreadsheet for years to keep track of things

  • Reply to this email if you are interested in the template I created.

• At the end of the email I share my current portfolio diversification.

💡 6 Reasons for maintaining a proper overview

• Track your investment performance over time

• Monitor the allocation of your investments across different asset classes

• Ensure you have a diversified portfolio

• Set yourself goals and track them

• Know your net worth

  • Yes it’s just a number… but an important one!

  • This is the number that should go up over time 😉

• Motivate yourself and see results

🔦 How to keep an overview

1. Create a spreadsheet or use a portfolio tracker tool to keep track of your investments

2. Monitor your portfolio regularly to ensure that your investments are performing as expected and that your asset allocation is still appropriate for your financial goals

3. Rebalance your portfolio periodically to ensure that you are maintaining the desired asset allocation and risk level

⚙️ How I do it

Years ago, I created a spreadsheet using Google Sheets to keep track of everything. Every quarter I check in and update the current value of each of my positions.

Main overview of my spreadsheet

To track cryptocurrencies, I use CoinStats because the money is spread across many wallets and exchanges. CoinStats summarizes all of this for me.

As always, please do not store cryptocurrencies or money on exchanges. Do this only if you have open orders or plan to trade them in a timely manner.

Here is my current asset allocation:

A lot of cash lying around doing nothing 🤔

But I already have a plan for what I'm going to do with it. More on that next week.

🎯 Takeaways

• If you haven't already, create a portfolio overview!

  • If you want to use my template or get inspired by mine, reply to this email so I can send it to you.

• If you already have one, be sure to update it regularly.

Feel free to reach out if you have any questions or suggestions for future topics. I'm always here to help and would love to hear from you! Have a fantastic weekend! 👋

Cheers,

Stefan

---

Outlook for next week

Next week we will talk about the money market. Everyone knows the capital market: stocks, funds and cryptocurrencies. But the money market currently holds a few interesting offers that provide risk-free interest. If the term money market is new to you, don't worry, it's not as complicated as it sounds. Next week we will take a closer look.

For all those who already want to work a little ahead: I’m currently opening a call money account. Due to the interest rate hikes, it's becoming more attractive again to get interest on your money. I just opened an account with 3.1% p.a. for 6 months, no lock-in, no fees and 100k EUR state deposit insurance. Since I just have a lot of cash lying around, I will get a little risk-free interest with this.

For my german speaking readers who use the Euro (DE & AT): If you're interested in the results of my research on the best conditions currently available, please feel free to reply to this message. I'd be happy to share my results with you.