![]() You can then view your portfolio’s performance over whatever time period you choose, benchmark it against any existing ETF or stock to see how you performed, run reports to see any expected upcoming dividends from your holdings, view your portfolio’s diversity by a wide range of classifications, and much more. Sharesight has plenty of reports for your portfolio, but tax is its crowning achievement. The software then takes everything and compiles it into handy gain/loss charts complete with factoring in dividends, brokerage fees, currency gain/loss (for non-Australian investments), etc. The platform integrates/has arrangements with pretty much all of the major Australian brokers that 99% of you reading this will likely be using, allowing you to import your portfolio via a couple of available methods.ĭepending on the broker, you can either click a tile that will open a connection with your broker, allow you to enter your login details, and then automatically import your historical trade data in, OR download a CSV from your broker and re-upload that into Sharesight. It’s become pretty much the default go-to option for Aussie investors in recent years as a result, with none of the others out there remotely as fully fleshed-out in terms of functionality for what Australians need. The software actually originated in New Zealand before branching out to also be based in Australia, but has been continually iterated on and customised with the goal of servicing all the whacky and annoying tax and brokerage issues specific to the ASX. Sharesight is a portfolio tracker SaaS software platform designed to consolidate all of your investments in one place. Does not cater for options trading, and only ~8 types of crypto.App is terrible, need to use web version to accomplish anything.Fairly expensive (although can be tax deductible).Free for portfolios of 10 holdings or less.Can be configured to automatically add your buy/sell trades.Great tax / CGT reporting functionality for Australian investors.Automatically tracks dividends, currency gains/losses, brokerage fees. ![]() Well, as far as keeping track of your investment portfolio goes, Australians have a few main choices to pick from. We guess that’s why you’re here though, right? Unfortunately, the majority of Australian brokerage apps and banks still do a pretty poor job of providing ‘true’ returns figures, leading many Aussies to have to hunt around for alternative ways to track their portfolios and dividends. This doesn’t even take into account in the simple “fun factor” of trying to see your actual portfolio returns in an easy to understand way while factoring in all of the above, either. It can especially be a shock to the system for newer Aussie investors who have never done their first tax return before even if you choose to pay for an accountant, there’s a ton of info you’ll still need to pass them to ensure you’re reporting accurately. Stock buys, sells, currencies, cost bases, brokerage fees, CGT, dividends, franking credits, share splits, returns of capital… the Australian investing system is pretty convoluted, and unfortunately accurately reporting all of your investing activity to the Australian Tax Office (ATO) each year can quickly become a pain. Here’s some options for how to keep track of your portfolio – specifically for Australian investors. Investing in stocks/shares on the ASX can certainly be fun but what happens when tax time rolls around and you realise you need to pull all your figures together? Compounding Interest Tool (coming soon).Why Australian shares are NOT overpriced in 2022.50 Best Aussie Investing Twitter Accounts.10 Interesting Environmental Stocks on the ASX.10 Underrated Dividend Stocks on the ASX.My Stock Released Good News – why is the price down?.How to Start Investing in Australia: a Noob’s Guide.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |