This is for those who know more mathematics than me
How do you calculate true return?
People constantly ask me about my return, however I don't really know the true return because I add to my account. So by way of instance if I started with $1000 and I made $500 center of the year and added a second $1000 then I made $300 end of the calendar year, what's my return? I know it's not 40%.
Is there a formula?