Net Asset Value (NAV)
NAV represents the total value of your portfolio—what it would be worth if you liquidated everything today.
The Formula
NAV = Market Value of All Holdings + Cash Balance
What's Included
- Holdings Value: Current market value of all stocks (shares × current price)
- Cash Balance: Uninvested cash, including received dividends
Why NAV Matters
NAV is the single best measure of portfolio size and performance over time. Comparing today's NAV to your starting capital shows your total return.
NAV vs Initial Capital
If you started with $100,000 and NAV is now $115,000:
- You've gained $15,000 total
- That's a 15% return on capital
Daily Tracking
We calculate NAV daily to track portfolio performance over time. This creates the performance chart you see on the portfolio page.