Features
Features
Here is a description of specific features that are available in the current version of this program.
Valuations
This program allows you to know the value of your investments at various points in time based on the market prices. You may want to follow the evolution of your investments on a weekly, monthly, quarterly, or annual basis. This program allows you to know the value of your investments at various points in time, at intervals you decide.
Categorisation
Investments in this program are defined in accounts and categories so you can follow the evolution of different types of investments independently of each other. Each investment belongs to an account, and each account is associated with a category such as retirement, pre-retirement, or speculative investments. Also, each type of investment belongs to both a top-level category and a sub-category. Top level categories can be such as stocks vs precious metals vs bonds vs crypto-currencies. Sub-categories can be such as growth stocks vs value stocks, or gold vs silver, or governments bonds vs corporate bonds. The program uses these various categories to show insights for each category of investments.
Allocation
The program uses the categories defined above to calculate your asset allocation in each category of accounts. You will be able to see your asset allocation by category and sub-category, in both monetary values and percentages. For example you will be able to see that you the value of your investments in your retirement account are currently made of 19% in bonds and 81% in stocks (top-level categories), and that growth stocks represent 54% and value stocks represent 27% of your assets (sub-categories). You can use these insights to determine if you need to either modify your how much you invest in each category, or if you need to rebalance your portfolio to stay in line with your targeted asset allocation.
Capital gains
The program also calculates realised and potential capital gains and losses. Realised capital gains and losses are calculated each time you sell and investment (etiher at a gain or at a loss). It shows you the gain (positive figure) or loss (negative figure) corresponding to each sale of an asset, and the total amounts realised for each tax year. For example if you sold a first investment at gain of $800, and then another investment at a loss of $200, the total figure would be a gain of $600. The program also calculates potential gains or losses. These are the gains or losses you made on investments that you still own, and which have either gone up or down in value since you bought them. Please be aware that tax authorities of different countries use very different methods to calculate capital gains and losses. Make sure you understand the details that are applicable to the country where you pay taxes when you submit your tax return. Please refer to the detailed page about capital gains and losses for more information.
Incomes
Investments often produce incomes in the form of dividends, interests, rents, etc. The program calculates the total income you have received from your investments, with the details per account and per category for each tax year. This allows you to know the total figure you need to declare in your tax return. It can can also calculate the expected future income produced by your investments. For example if you currently own 1200 units of a fund, and each unit currently produces an income of $5 per share per year, then you earn a total of $6000 per year, or an average of $500 per month. The program calculates the expected average monthly income produced by your investments with the details per account and categories of accounts. These figures are particularly useful if your strategy is to achieve financial independence by investing in assets that produce income so these incomes cover your expenses.
Currencies
The program is able to work with multiple currencies. For example you may be based in the United Kingdom, where the official currency is the British Sterling Pound (GBP), and you would have to pay your bills and taxes in this currency. Some of your investments may be priced in GBP, but other ones may be priced in other currencies such as the US Dollar (USD). Also incomes from your investments may either be paid in your local currency, or in foreign currencies. The program is able to convert the numbers in transactions involving foreign currencies into your local currency so the total figures are all in the same currency. This is important for compliance as all numbers in tax returns are normally expected to be expressed in the official currency of each country. Also you probably want to have a consolidated figures expressed in your local currency so you can make sense of the numbers.