How To Develop A Vision To Ensure Success Subsidiary Companies
ccounts are concerned with seeing where the money is earned; financial accounts are concerned just with recording how much was earned.
For investment management accounts, this means keeping track of how each share in your portfolio is doing. The first thing to do here is to keep track of what shares (and how many) are owned at any one time. If your portfolio is being managed, your broker will do this. Otherwise a simple ledger or equivalent should be sufficient.
Keep these records entirely separate from your financial accounting records.
Every time you sell a share, discipline yourself to calculate how much profit or loss you made overall. Include in this dividends received. Compare this with what you would have got had you put the money in a building society.
Remember to be perfectly objective and unemotional about what you have achieved. Neither gloat over your profits nor grieve over your losses. Just learn what lessons there
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