I’m new to investing and decided I wanted to learn that trading stocks individually is not the way to go for most the hard way. I wanted to see how I’ve performed vs the s and p 500.
I wanted to check my math and see if there was any flaws. Keep in mind I am Australian and so have converted to and from usd.
1: Calculate amount of SP500 stock Id have if at the time instead of buying the individual stock I bought SP500. Stock cost (in aud) and SP500 (in USD)
(Stock cost) / ((SP500 cost)X(exchange rate)=A
2: Calculate value of that amount of SP500 now
(A) X SP500 X Exchange rate
3: Calculate Value of my own stocks
Add value of stocks together