{"id":1038,"date":"2016-10-26T22:27:26","date_gmt":"2016-10-26T20:27:26","guid":{"rendered":"http:\/\/bicon.li\/?p=1038"},"modified":"2026-03-12T21:49:19","modified_gmt":"2026-03-12T20:49:19","slug":"timing-is-everything","status":"publish","type":"post","link":"https:\/\/bicon.li\/en\/2016\/10\/26\/timing-is-everything\/","title":{"rendered":"Timing is everything: Performance Cash Flow Timing"},"content":{"rendered":"

In my last post on Investment Performance Measurement on a Single Position and Aggregations<\/a> <\/strong>I received a comment from Carl Bacon on my web page<\/a> blog (regarding this article). I have to say, I was very flattered. He wrote: \u201cYou have chosen one particular return methodology (in effect assuming cash flows occur at the start of day \u2013 not the most common).\u201d I replied: \u201cI chose it because I think it is the most intuitive, especially for examples.\u201d
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But I think he's absolutely right and that's why I want to devote this second part exclusively to the topic of performance cash flow timing.<\/p>\n\n\n\n

I have come to the conclusion that the most straightforward and also most accurate methodology is a Mixed <\/strong>methodology of start and end of day timing:<\/p>\n\n\n\n