Go to Jeff Salisbury LWGate Home Page.From: Randy Barnes <rbarnes@mindspring.com>
Subject: Re: Keeping track of stocks using an Excel spreadsheet
Date: Fri, 23 Oct 1998 09:44:38 -0400
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A.D., Don't worry about the Beardstown Ladies problem, as you will never have this come up unless you invest as a group, and collect dues. Our group holds two accounts, one at Waterhouse, and one checking account at SFNB. The checking account receives and disperses all dues and expenses money, and the brokerage account gets all the "investment" money. We use Excel, and Quicken, which I'd recommend , as it's easy and cheap. Our spreadsheet will calculate IRR as soon as I get around to it, but it's a very low priority. You'll be better off spending less time on programing a spreadsheet, and more finding stocks and studying the market. Spend the few dollars and buy a package ready to go. Small cap rock solid companies have been beaten to death and are starting to take off, back to where they belong. Look at TGIC, PPD, RMDY, NOVL, BCOM, and lots more. You'll find the only good spreadsheet I've ever found of here: If you find another, please post it. http://www.foolmart.com/market/product.asp?pfid=MF+5001 A good article on calculating IRR with Excel, and the Beardstown Ladies issue: http://www.fool.com/DDow/1998/DDow980227.htm - -Randy Barnes - -
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