Dow Jones, S&P, NASDAQ: What's the Difference (and Which Should You Use to Track Your Own Portfolio)?

For many investors, the Dow Jones or S&P 500 or NASDAQ might as well be the same thing, but that's not true at all. In today's episode, Dave, Nate, and Erin dive into the differences between the big three indices and whether you should look to them as indicators of how your own portfolio is doing (spoiler alert: no, you shouldn't). So what should you be tracking to get the best picture of your performance? And how can you avoid the most common mistakes people make when trying to track their portfolio on their own? Tune in to find out!       Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   00:00 - Disclosure and Intro 0:23 - Understanding Market Indexes 6:42 - The Big Three: Dow, S&P, NASDAQ 13:40 - Points vs. Percentages: What Matters 20:12 - Comparing Portfolio Performance Properly 26:52 - Personal Benchmarks and Financial Planning 31:05 - Performance Calculation Pitfalls   Connect with Monument Wealth Management:    Visit our website   Follow us on Instagram   Connect on LinkedIn   Connect on Facebook   Connect on YouTube   Subscribe to our Private Wealth Newsletter    About "Off the Wall":    OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.    Learn more about our host Dave Armstrong on our website at https://monumentwealthmanagement.com