You need to ditch ASB reporting function and create something in excel. The results above are just nonsense otherwise - look at SKC - showing huge losses but you obviously received a shares via a sharesplit at 0 cost which show a huge gain.
Darren, If you are counting money from dividends used to buy shares as zero cost, this is incorrect. The shares still have a cost which you should include in your calculation, it does not matter where the money has come from you still have to purchase the stocks at a price. Your portfolio is showing as a higher return than it should be because you use these constucts. This is misleading.
Share splits I have no trouble with you including at zero cost because the cost in included in the revised lower value of the share.
Please recalculate using true costings and we'll see how you have really done.
I have made a mistake describing to you what I have done RJ. I do account for shares I buy with dividends earned by putting in their purchase price. What I meant to say was that those Zero amounts are calculated when I don't buy shares in those individual stocks that pay dividends. This is the only way to show it on the ASB software - on an individual stock basis.
You need to ditch ASB reporting function and create something in excel. The results above are just nonsense otherwise - look at SKC - showing huge losses but you obviously received a shares via a sharesplit at 0 cost which show a huge gain.
ReplyDeleteIt shows the value of the portfolio week to week and that is what I want to show. I don't have the expertise to go deeper.
ReplyDeleteThose zero cost shares may be share splits or shares bought with money reinvested from Dividends.
Darren,
ReplyDeleteIf you are counting money from dividends used to buy shares as zero cost, this is incorrect. The shares still have a cost which you should include in your calculation, it does not matter where the money has come from you still have to purchase the stocks at a price. Your portfolio is showing as a higher return than it should be because you use these constucts. This is misleading.
Share splits I have no trouble with you including at zero cost because the cost in included in the revised lower value of the
share.
Please recalculate using true costings and we'll see how you have really done.
Cheers
I have made a mistake describing to you what I have done RJ. I do account for shares I buy with dividends earned by putting in their purchase price. What I meant to say was that those Zero amounts are calculated when I don't buy shares in those individual stocks that pay dividends. This is the only way to show it on the ASB software - on an individual stock basis.
ReplyDelete