Some Site Updates
Two announcements:
1. “What I’m reading right now” sidebar section
You had to know, right? You did know right? Of course you knew. You knew I was a reader. You knew I craved books. You knew I satisfied that craving. Constantly. Books and I are like water and fish. And if you’ve ever wondered what it was I was reading at any given instant, now you can find out. At the very bottom on the left I’ve added a section where I will list the book I am reading and will add to that section new ones as I start them. I may even write a short post about some of the books and will use that section to link to those posts.
2. New component to the main performance chart
The chart, as it is now, serves several very useful purposes but it is lacking in several other even more important respects. The main useful purpose it serves is its accuracy in regards to the assignment of yield, over time, given an unfixed initial investment. In other words, until when any feasible addition of cash would make no reasonable difference in future gains, the calculation it uses to evaluate performance given regular additional resources is far more useful. To see an example of what I mean, pretend I had $100 invested. If I worked some overtime and came up with an additional $100 it could feasibly double my gains, however, if I had a million dollars invested, $100 would essentially mean nil in comparison to what was already invested. And if you’re wondering, I don’t have a million.
Its drawbacks though have been plentiful. For starters its boring. It would be more ideal of a chart if I were a day trader, closing my positions constantly. It would even be more suitable if I were simply more active of a trader. Because I am neither of these, the chart will not exhibit movement unless I change my positions. What I’ve been wanting was something more like an index monitor. Doing this though, has been far more complicated. I’ve just about got it finished though and will add it to the chart soon. Essentially, it will be reflecting the value of my portfolio on a daily basis. Even though, over time, the stocks I’ve sold so far have all been for gains, that doesn’t mean they didn’t get beat up between the time I bought and sold. The way it is now, it essentially assumes the value of the portfolio remains at least as though the stocks I own are at the prices I paid for them. This method would work fine as long as every stock I buy appreciates and I sell at a gain, but until that selling point, the chart dismisses all the action. Now what fun is that? This new addition to the chart should take care of that. It will include much greater detail, and the next time the Dow falls 350 points you can all come here and watch me get my butt kicked 
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