What if I had not held cash?
A performance question asks what a portfolio has actually returned. The answer keeps the money you paid in apart from the money the investments made, which is why a time-weighted and a money-weighted return can differ so much on the same account.
Worked through on a sample portfolio. The figures below are that portfolio’s, not yours.
You asked: "What if I had not held cash?"
Summary using your portfolio data:
- Your portfolio value today would be 90.989,80 €.
- Cash today is 5.510,23 € (6,06% of the portfolio).
- Removing cash means reallocating that amount across your existing holdings proportionally to their current weights (the simulation below assumes no trading costs, no currency changes, and no new buys/sells).
Table — hypothetical effect of removing cash and distributing it pro rata across holdings
| Asset | Value now (€) |
|---|---|
| Apple Inc. | 16.749,00 € |
| iShares Core MSCI World UCITS ETF | 15.054,60 € |
| Microsoft Corp. | 10.571,25 € |
| MasterCard Inc. | 9.702,00 € |
| Deutsche Lufthansa AG | 7.648,00 € |
Notes:
- The table shows the current values of your top five holdings; the same proportional redistribution would add 5.510,23 € across all holdings according to their current weights.
- Assumptions: cash removed today; redistributed pro rata to existing holdings by current weight; no buying/selling costs; prices and exchange rates unchanged; no further cash flows.
If you want, I can run the full redistribution now and show the new per-holding values, new weights and the resulting unrealized gains.
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See this for your own portfolio
The assistant answers the same question about your own holdings, with your figures and today’s prices. Import from your broker, or open the demo portfolio and ask it there.