After searching a lot and finding no good answer, here I am.
I want to calculate ROE for the month of October, 2010. This is an example of flow of money in and out of my account.
Oct 1: Opening Balance = 370,000
Oct 12: Realized Gain = 7,000
Oct 18: Deposit = 320,000
Oct 23: Withdrawal = 50,000
Oct 29: Realized Gain = 1000
Oct 31: Closing Balance = 648,000
Oct 31: Unrealized Gain = 20,000
If there was no deposit or withdrawal, I could easily do a (total return/opening balance) but I'm not sure what I can do now to find out ROE.
Any help appreciated.
I want to calculate ROE for the month of October, 2010. This is an example of flow of money in and out of my account.
Oct 1: Opening Balance = 370,000
Oct 12: Realized Gain = 7,000
Oct 18: Deposit = 320,000
Oct 23: Withdrawal = 50,000
Oct 29: Realized Gain = 1000
Oct 31: Closing Balance = 648,000
Oct 31: Unrealized Gain = 20,000
If there was no deposit or withdrawal, I could easily do a (total return/opening balance) but I'm not sure what I can do now to find out ROE.
Any help appreciated.