managing a portfolio of investments

- I
- in_west
  
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posted
17 years ago

Mon, Mar 19, 2007 4:49 AM

Hello,

I am wondering if someone here can help me, I am looking for some portfolio management software that will make my life easier by being able to:

- handle property, stocks and derivatives in the one product rather than three separate products

- manage several portfolios that are different (eg: my personal investments as well as my investment club in another portfolio) without them interferring with eachother

- prepare accurate capital gains reports including capital gains components from distributions as well(!) not just sales

- calculate capital gains accurately by taking into account tax deferred components at the time of sale!

- include free data feeds from major exchanges worldwide (not just NYSE and NASDAQ) so that i can revalue my US, UK and Australian stocks easily

- ... and preferably do currency conversions so that i end up with everything in USD rather than a mixed bag of currencies

- import trading data that i can download from my online broker

So far I have looked at around a half dozen products and only the "Manage Invest" portfolio manager does this. Have any of you used Manage Invest? What did you think of it? Are there any others can do all of the above?

Thanks

Kx

- K
- KBH
  
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posted
17 years ago

Mon, Mar 19, 2007 6:00 AM

'KBH Investor Accounting' is professional in nature in that it weights each function of the program equally and in that it is purposeful in scope rather than reaching in scope...

'KBH Investor Accounting' uses a "Buy to Open" - "Sell to Close", or a "Sell to Open" - "Buy to Close" terminology to handle all types of securities. So option writes or short sales are recognized as fundamental investment positions...

Now it would be a mistake for a software to be both a portfolio accounting and a tax accounting because the input required to produce a perfect tax accounting would have to be a detailed interview and that would hinder input of the portfolio accounting. However, 'KBH Investor Accounting' lays the foundation for a tax accounting with a realized FIFO accounting that pairs the opening transaction with the closing transaction. In other words the data needs to be somewhere...the data could be hard copy confirmations stapled together or the data could be paired in the software. But remember with 'KBH Investor Accounting' each function of the program has equal weight with the other functions of the program...

And 'KBH Investor Accounting' will process a download file of its own configuration...there just must be someone willing to make the file for the user.

Finally, there is a supplemental software for 'KBH Investor Accounting' that will output the realized trades to a single-line format in an editable text file.

Here is a user link to 'KBH Investor Accounting':

formatting link

Finally again, 'KBH Investor Accounting' outputs a year-to-date mark-to-market profit/loss as a portfolio performance measure. Or that's simply year-to-date OVERALL portfolio gain/loss...

- G
- Gerorge Smith
  
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posted
17 years ago

Tue, Mar 20, 2007 3:20 AM

Forget Quicken for that. Apparently, in its universe there is only one Portfolio. If you are interested in heirarchical portfolios consider stuff like Fund Manager or Personal Stock Monitor.

I am looking into it as Quicken is a bust. I am not hot on derivatives, etc. I am not too hot on foreign stock exchanges, either. It may be a bit of an overkill for me.