NoEd
Your transactions record looks really weird. Obviously you made a mistake
with the price of VIMSX the first time but surely you didn't need to do four
more transactions to correct it!
Note the "Modify" column on the far right with the magic words Edit-Delete.
All you had to do was edit the price.
The final result is OK but the means to get there was complicated and
unnecessary.
David
"David Wilkinson" <> wrote in message
news:dpijh3$144$
> NoEd
>
> Your transactions record looks really weird. Obviously you made a mistake
> with the price of VIMSX the first time but surely you didn't need to do
> four more transactions to correct it!
>
> Note the "Modify" column on the far right with the magic words
> Edit-Delete. All you had to do was edit the price.
>
> The final result is OK but the means to get there was complicated and
> unnecessary.
>
> David
Must be that MENSA thing. Are you having fun yet?
"Ed" <> wrote in message
news:
>
> "David Wilkinson" <> wrote in message
> news:dpijh3$144$
>> NoEd
>>
>> Your transactions record looks really weird. Obviously you made a mistake
>> with the price of VIMSX the first time but surely you didn't need to do
>> four more transactions to correct it!
>>
>> Note the "Modify" column on the far right with the magic words
>> Edit-Delete. All you had to do was edit the price.
>>
>> The final result is OK but the means to get there was complicated and
>> unnecessary.
>>
>> David
>
> Must be that MENSA thing. Are you having fun yet?
>
That would be an exaggeration, but no real problems so far.
Several people are slow to invest and have missed the first 3.5% of rise in
the market. Kaspa was quickest to get in with ETFs early on Jan 3.
Others have not sent me a working e-mail address and so do not have the
password.
David
David,
I don't use yahoo. Its right now.
"David Wilkinson" <> wrote in message
news:dpijh3$144$
> NoEd
>
> Your transactions record looks really weird. Obviously you made a mistake
> with the price of VIMSX the first time but surely you didn't need to do
> four more transactions to correct it!
>
> Note the "Modify" column on the far right with the magic words
> Edit-Delete. All you had to do was edit the price.
>
> The final result is OK but the means to get there was complicated and
> unnecessary.
>
> David
>
"NoEd" <> wrote in message
news:
> David,
>
> I don't use yahoo. Its right now.
>
Yes, that's fine. It was legal before. I am just being picky :-)
David
>
> "David Wilkinson" <> wrote in message
> news:dpijh3$144$
>> NoEd
>>
>> Your transactions record looks really weird. Obviously you made a mistake
>> with the price of VIMSX the first time but surely you didn't need to do
>> four more transactions to correct it!
>>
>> Note the "Modify" column on the far right with the magic words
>> Edit-Delete. All you had to do was edit the price.
>>
>> The final result is OK but the means to get there was complicated and
>> unnecessary.
>>
>> David
>>
>
>
In article <dpio6f$3v1$>,
"David Wilkinson" <> wrote:
> Several people are slow to invest and have missed the first 3.5% of rise in
> the market. Kaspa was quickest to get in with ETFs early on Jan 3.
I'm so busy these days I haven't had time to even sit down and
plunk in my simple portfolio. If I don't get to it soon I'll
probably just withdraw from the contest this year--too much on
the plate.
David and NoEd,
Actually, it is still not correct. He used Jan 4 closing prices rather
than Jan 3. Didn't he announce his purchases before Jan 3 close?
If he uses Jan 3, his portfolio value would be higher than
what it is right now.
Kaspa
Sam
Tell me which funds and how much cash or percentage in each and I will put
them in for you.
David
"sam grey" <> wrote in message
news:
> In article <dpio6f$3v1$>,
> "David Wilkinson" <> wrote:
>
>> Several people are slow to invest and have missed the first 3.5% of rise
>> in
>> the market. Kaspa was quickest to get in with ETFs early on Jan 3.
>
> I'm so busy these days I haven't had time to even sit down and
> plunk in my simple portfolio. If I don't get to it soon I'll
> probably just withdraw from the contest this year--too much on
> the plate.
Kaspa
NoEd's transactions are all dated 4 Jan so if he used 4 Jan prices I can't
see a problem. The bad thing would be to use hindsight, say using 3 Jan
prices on 4 Jan when they are no longer available but you know they were
lower. Announcing and doing are not the same thing. Others have announced
things and then cancelled them later. The transactions in Yahoo are the key
items in the contest and contestants should use the currently available
prices when they enter them, not the prices when they announce an intention.
David
"kaspakhine" <> wrote in message
news:
> David and NoEd,
>
> Actually, it is still not correct. He used Jan 4 closing prices rather
> than Jan 3. Didn't he announce his purchases before Jan 3 close?
> If he uses Jan 3, his portfolio value would be higher than
> what it is right now.
>
> Kaspa
>
In article <dpl6h8$ub4$>,
"David Wilkinson" <> wrote:
> Sam
>
> Tell me which funds and how much cash or percentage in each and I will put
> them in for you.
>
> David
Why, thank you, David, that's very kind of you.
ASVIX 20.61%
CVH 17.74%
NBGEX 37.17%
DMCVX 3.89%
VPMCX 20.2%
PRIDX 0.4%
Anything left over--cash.
Again, this mirrors my real-world portfolio.
"sam grey" <> wrote in message
news:
> In article <dpl6h8$ub4$>,
> "David Wilkinson" <> wrote:
>
>> Sam
>>
>> Tell me which funds and how much cash or percentage in each and I will
>> put
>> them in for you.
>>
>> David
>
> Why, thank you, David, that's very kind of you.
>
> ASVIX 20.61%
> CVH 17.74%
> NBGEX 37.17%
> DMCVX 3.89%
> VPMCX 20.2%
> PRIDX 0.4%
>
> Anything left over--cash.
>
> Again, this mirrors my real-world portfolio.
OK, Sam. No problem. I will have to wait for today's prices to be published,
as that is what you would get if you put in your buy orders this morning,
before the market opens. I will let you know what prices you got and how
many shares of each when I put in the transactions tomorrow.
David
David Wilkinson wrote:
> Kaspa
>
> NoEd's transactions are all dated 4 Jan so if he used 4 Jan prices I can't
> see a problem. The bad thing would be to use hindsight, say using 3 Jan
> prices on 4 Jan when they are no longer available but you know they were
> lower. Announcing and doing are not the same thing. Others have announced
> things and then cancelled them later. The transactions in Yahoo are the key
> items in the contest and contestants should use the currently available
> prices when they enter them, not the prices when they announce an intention.
>
> David
>
David,
I thought announcement on the newsgroup is equivalent to placing an
order.
Thus if NoEd announces on Jan 3 before 4 pm EST that he is buying
a fund, he will get Jan 3 prices. He should make an attempt to keep
his
yahoo portfolio updated, but if he does not get time till Jan 4 to
enter the
transactions in yahoo, his orders have executed already on Jan 3. When
he
announced his intention on Jan 3, he did not know that the market would
go up/down on Jan 4.
I usually announce my orders on the evening before market open and
say that I want to place a market order at the next market open. It is
hard
to find time at 6 am PST to actually enter the orders in yahoo. I
usually
enter the order in yahoo some time during the day, but it has already
executed at the market open.
Announcing and cancelling is a tricky question. If someone announces
a market order when the market is open, he/she cannot cancel it as it
would have executed virtually instanteneously. If it is a limit/stop
order
and the limit/stop price is not reached, there is time for
cancellation.
If an order is placed when market is closed, one can cancel it before
market opens.
At least, this is the way I was interpreting things.
BTW, thanks for organizing the contest. I know it is a lot of work.
Kaspa
"sam grey" <> wrote in message
news:
> In article <dpl6h8$ub4$>,
> "David Wilkinson" <> wrote:
>
>> Sam
>>
>> Tell me which funds and how much cash or percentage in each and I will
>> put
>> them in for you.
>>
>> David
>
> Why, thank you, David, that's very kind of you.
>
> ASVIX 20.61%
> CVH 17.74%
> NBGEX 37.17%
> DMCVX 3.89%
> VPMCX 20.2%
> PRIDX 0.4%
>
> Anything left over--cash.
>
> Again, this mirrors my real-world portfolio.
OK, Sam. What you bought at Jan 6 prices was as follows, rounded to dollars:
ASVIX 2,078 @ 9.92, value $20,614
CVH 305 @ 58.37, value $17,803
NBGEX 740 @ 50.23, value $37,170
DMCVX 119 @ 32.67, value $3,888
VPMCX 296 @ 68.00, value $20,128
PRIDX 9 @ 43.63, value $393
Remaining cash $5
Current portfolio value $100,000
I think the ID and password got through to you, so you should be able to
check the current value of the portfolio at any time.
David
If contestants buy or sell stocks or other continuously valued investments
then they can either find out the price and decide the number of shares to
deal at the time or put in one of several types of buy or sell orders which
may happen immediately, later that day, even several day later if gtc, or
not at all depending on the details of the type of order and price
movements. This is all quite complicated. With 18 or so portfolios, as well
as, my own real one, to monitor and a real life to lead as well, it is
clearly impractical for me to follow up every proposed deal in exhaustive
detail. It is largely up to contestants to do what they would do in real
life, and post the transactions to Finance.Yahoo and to mimf as they do them
or as soon as possible afterwards.
If contestants buy funds valued once a day then they should post an
intention to mimf and take the next valuation, recording the transaction and
posting it to mimf when they have the numbers. If they miss the next
valuation then they have to take a later one.
So if I want to buy $x of ABCDX on Monday I should post this to mimf on
Monday morning, before valuation. When I find out what the Monday valuation
was and can work out that I have bought x/NAV shares I post the numbers to
mimf and record the transaction on Monday afternoon or Tuesday morning. If I
don't record the deal before the Tuesday valuation or later then I might be
using hindsight to decide whether to go ahead with it or not at Monday's
prices. The assumption has to be that I either cancelled the deal or was too
late putting it into effect and that, as Monday's prices would no longer be
available in real life, I could not use them. At that point I would have to
use Tuesday's prices as the only ones available, until the Wednesday
valuation that is.
TK posted a lot of deals to mimf earlier in the week, including fees of $96
from various mistakes and corrections. Whatever these all were there is
nothing at all recorded in his transactions and as far as his portfolio is
concerned they do not exist. All these deals have lapsed and anything he
records from now on will have to be at Monday's prices or later.
"kaspakhine" <> wrote in message
news:
>
> David Wilkinson wrote:
>> Kaspa
>>
>> NoEd's transactions are all dated 4 Jan so if he used 4 Jan prices I
>> can't
>> see a problem. The bad thing would be to use hindsight, say using 3 Jan
>> prices on 4 Jan when they are no longer available but you know they were
>> lower. Announcing and doing are not the same thing. Others have announced
>> things and then cancelled them later. The transactions in Yahoo are the
>> key
>> items in the contest and contestants should use the currently available
>> prices when they enter them, not the prices when they announce an
>> intention.
>>
>> David
>>
> David,
>
> I thought announcement on the newsgroup is equivalent to placing an
> order.
> Thus if NoEd announces on Jan 3 before 4 pm EST that he is buying
> a fund, he will get Jan 3 prices. He should make an attempt to keep
> his
> yahoo portfolio updated, but if he does not get time till Jan 4 to
> enter the
> transactions in yahoo, his orders have executed already on Jan 3. When
> he
> announced his intention on Jan 3, he did not know that the market would
> go up/down on Jan 4.
>
> I usually announce my orders on the evening before market open and
> say that I want to place a market order at the next market open. It is
> hard
> to find time at 6 am PST to actually enter the orders in yahoo. I
> usually
> enter the order in yahoo some time during the day, but it has already
> executed at the market open.
>
> Announcing and cancelling is a tricky question. If someone announces
> a market order when the market is open, he/she cannot cancel it as it
> would have executed virtually instanteneously. If it is a limit/stop
> order
> and the limit/stop price is not reached, there is time for
> cancellation.
> If an order is placed when market is closed, one can cancel it before
> market opens.
>
> At least, this is the way I was interpreting things.
>
> BTW, thanks for organizing the contest. I know it is a lot of work.
>
> Kaspa
>
In article <dpns2t$375$>,
"David Wilkinson" <> wrote:
> "sam grey" <> wrote in message
> news:
> > In article <dpl6h8$ub4$>,
> > "David Wilkinson" <> wrote:
> >
> >> Sam
> >>
> >> Tell me which funds and how much cash or percentage in each and I will
> >> put
> >> them in for you.
> >>
> >> David
> >
> > Why, thank you, David, that's very kind of you.
> >
> > ASVIX 20.61%
> > CVH 17.74%
> > NBGEX 37.17%
> > DMCVX 3.89%
> > VPMCX 20.2%
> > PRIDX 0.4%
> >
> > Anything left over--cash.
> >
> > Again, this mirrors my real-world portfolio.
>
> OK, Sam. What you bought at Jan 6 prices was as follows, rounded to dollars:
[clip]
>
> I think the ID and password got through to you, so you should be able to
> check the current value of the portfolio at any time.
>
> David
Thanks, David, I really appreciate it.
Except for CVH, these funds are bought in
Dollar amounts (and consequent fractional shares).
They are not bought in even share amounts.
David Wilkinson wrote:
\>>ASVIX 20.61%
>>CVH 17.74%
>>NBGEX 37.17%
>>DMCVX 3.89%
>>VPMCX 20.2%
>>PRIDX 0.4%
>>
>>Anything left over--cash.
>
> ASVIX 2,078 @ 9.92, value $20,614
> CVH 305 @ 58.37, value $17,803
> NBGEX 740 @ 50.23, value $37,170
> DMCVX 119 @ 32.67, value $3,888
> VPMCX 296 @ 68.00, value $20,128
> PRIDX 9 @ 43.63, value $393
>
> Remaining cash $5
>
> Current portfolio value $100,000
>
> I think the ID and password got through to you, so you should be able to
> check the current value of the portfolio at any time.
>
> David
>
>
>
Thanks Mark
I have done the very minor editing this required. Sam, please note some
small changes in numbers of shares held.
David
"Mark Matzen" <> wrote in message
news:
> Except for CVH, these funds are bought in
> Dollar amounts (and consequent fractional shares).
> They are not bought in even share amounts.
>
>
> David Wilkinson wrote:
> \>>ASVIX 20.61%
>>>CVH 17.74%
>>>NBGEX 37.17%
>>>DMCVX 3.89%
>>>VPMCX 20.2%
>>>PRIDX 0.4%
>>>
>>>Anything left over--cash.
>>
>> ASVIX 2,078 @ 9.92, value $20,614
>> CVH 305 @ 58.37, value $17,803
>> NBGEX 740 @ 50.23, value $37,170
>> DMCVX 119 @ 32.67, value $3,888
>> VPMCX 296 @ 68.00, value $20,128
>> PRIDX 9 @ 43.63, value $393
>>
>> Remaining cash $5
>>
>> Current portfolio value $100,000
>>
>> I think the ID and password got through to you, so you should be able to
>> check the current value of the portfolio at any time.
>>
>> David
>>
>>
>>
>