I realised I have been writing quite a bit about index ETFs and it’s probably time to write about something else. Just to keep things interesting!
Asset Allocation – Total Approach
We have a Google Spreadsheet that tracks our entire net wealth. It contains information about our assets, liabilities, income and expenses – essentially our Balance Sheet and Profit & Loss statements. We never used to track these things but decided there first has to be a starting point before there can be a goal. It took us a long time to get the spreadsheet up and running and it continues to be a work in progress to make it as accurate as possible.
The process of building your own net wealth spreadsheet is invaluable. Once you try to put your financial world into a spreadsheet, you really start to understand the gaps in your strategy. One of these days, I shall write about ......