Sharesight

I have mentioned Sharesight a few times but I don't think it has its own thread.

Its free for less than 10 holdings and after that costs depending on how many portfolios you want and whether you want FIF reporting.

I find it a huge timesaver (compared to my old excel files) and links directly with Xero for quick accounts (they offer Xero cashbook for $15pm which is normally only avaliable through an accountant).

Trades automatically upload from your broker statements and dividends automatically load up once declared. It is almost set and foreget as far as admin goes but reporting is great to see how you are doing.

Highly recommended


http://www.sharesight.co.nz/

Disc: not associated in any way other than a happy user.

Anyway, the reason I started this thread is I wanted to say I have just been playing with their new reporting (not sure how long it has been there) and tags (which have been there for a while I think) and it is great.

Previously I just looked at performance by share or exchange (ie. NZX vs ASX) but it now does by business sector so it will automatically group power company's vs property stocks vs tech companies etc.

Likewise with tags, I have tagged each stock as income or growth and by running the reports on just one tag, I have noticed that my income shares have had better growth than my growth shares this year (the drops by the likes of PEB, retirement villages etc havent helped).

Is anyone else using Shareisght? How do you use the reporting functions - is there anything else I should look at?

I am a novice investor with a very portfolio, but I use sharesight and the automation / functions for a free service is amazing.

DISC: not associated in any way other than another happy user.

I have had an investor account (which allows for 3 portfolios) for several months. Generally, I am pleased with it and find the new benchmarking with ETFs a useful addition. With the 3 portfolios I have been able to add other family members' investments. DRIP calculations have seemed to be awry as I think Sharesight does not allow for carry over balances.

I would like to be able to add a separate category for Term Deposits and to be able to order them by maturity date. Similarly I would like a separate exchange category for the NZDX or listed debt. At the moment they are included with NZ shares. As a backup I still keep excel files and update these manually with the latest prices every quarter.

Same as you Harvey, I've been using Sharesight since they started and they're getting better all the time. Mind you, my needs are simple just in tracking a share portfolio. I've implemented the tags which provide various reporting views and has also enabled me to better balance my portfolio. I also find that the reporting has massively improved my end-of-year reporting to my accountant, especially income from dividends. I've done away with spreadsheets altogether. The only thing I'd like to see soon is the ability to transfer instruments between portfolios - I can't understand why this is so complex that they haven't already implemented it. I suggest getting on the Sharesight Community forum and 'liking' all the feature suggestions, problems or ideas that you think should be implemented - lending weight to the case to develop them.

BAA

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Originally Posted by Harvey Specter

Anyway, the reason I started this thread is I wanted to say I have just been playing with their new reporting (not sure how long it has been there) and tags (which have been there for a while I think) and it is great.

Previously I just looked at performance by share or exchange (ie. NZX vs ASX) but it now does by business sector so it will automatically group power company's vs property stocks vs tech companies etc.

Likewise with tags, I have tagged each stock as income or growth and by running the reports on just one tag, I have noticed that my income shares have had better growth than my growth shares this year (the drops by the likes of PEB, retirement villages etc havent helped).

Is anyone else using Shareisght? How do you use the reporting functions - is there anything else I should look at?

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Originally Posted by Harvey Specter

I have mentioned Sharesight a few times but I don't think it has its own thread.

Its free for less than 10 holdings and after that costs depending on how many portfolios you want and whether you want FIF reporting.

I find it a huge timesaver (compared to my old excel files) and links directly with Xero for quick accounts (they offer Xero cashbook for $15pm which is normally only avaliable through an accountant).

Trades automatically upload from your broker statements and dividends automatically load up once declared. It is almost set and foreget as far as admin goes but reporting is great to see how you are doing.

Highly recommended


http://www.sharesight.co.nz/

Disc: not associated in any way other than a happy user.

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I've just started to build a profile and have made use of the free Sharesight service. Find it great for keeping track of things.
Would love to see a paid plan between Free and the Investor one for people with a single profile, but a few more than 10 stocks (e.g. a $10/month Novice plan). If they had one I'd sign up, don't have a large enough holdings yet to justify $25/month.

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Originally Posted by scottwalshnz

I've just started to build a profile and have made use of the free Sharesight service. Find it great for keeping track of things.
Would love to see a paid plan between Free and the Investor one for people with a single profile, but a few more than 10 stocks (e.g. a $10/month Novice plan). If they had one I'd sign up, don't have a large enough holdings yet to justify $25/month.

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They do annual specials sometimes. Alternatively, you could go through reseller (ie. you accountant if you have one may be able to offer an single profile. Ironically they are a reseller for Xero offering a plan only avaliable via accountants(ie. the cashbook), but not the otherway around).

I did at one point think of become a reseller so people on this forum could get a single portfolio and xero cashbook for a cheap price but though the admin would do my head and no one would want it anyway since technically I would have access to all your data (not ideal for a guy named after a NY lawyer)

Hi
I'm thinking of using sharesight to track my share portfolio.
I just had a few questions:
How do I go about loading up historical transactions. ie purchases and dividends. I have all the detail in quicken 2006 which is starting to malfunction due to being run on windows xp!
Does sharesight cover Smartshares etfs and other managed funds like the rabodirect funds.
What is their help line like, is it all via a forum?
Is there a video anywhere about getting started?
I don't mind paying the fees but want to make sure it's the right software for me. thanks

Its the best i've found to be honest. I love it, seems to have a good online forum if you need help, i think you can bulk load in transactions and they give you an example of what the format should be in.

You can trial it out for <10 stocks, for free i think and go from there.

That is <10 open stocks at once I think to be clear

Can back up FIsaver's comments. Have a go with the free trial with a sample of your holding, if it works, load everything in.

I hated it; and couldn't wait to stop my years sub.Found it not user friendly at all and they quickly tired of my asking for assistance, i am a bit of a technophobe , slow adopter ......so just not for me; looks like others have found it very useful.

Good site.

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Originally Posted by Kwkiwi

Hi
I'm thinking of using sharesight to track my share portfolio.
I just had a few questions:
How do I go about loading up historical transactions. ie purchases and dividends. I have all the detail in quicken 2006 which is starting to malfunction due to being run on windows xp!
Does sharesight cover Smartshares etfs and other managed funds like the rabodirect funds.
What is their help line like, is it all via a forum?
Is there a video anywhere about getting started?
I don't mind paying the fees but want to make sure it's the right software for me. thanks

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I ve just started using the full version .I think its good, but find it very slow to respond, compared to the rest of my internet. Is it just me or anyone else find that;):t_down:... like 20 seconds to change pages........
youtube is good for short tutorials and the QA section is good too.

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Originally Posted by Yoda

I ve just started using the full version .I think its good, but find it very slow to respond, compared to the rest of my internet. Is it just me or anyone else find that;):t_down:... like 20 seconds to change pages........
youtube is good for short tutorials and the QA section is good too.

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I've not found it to be slow, but then i've only got a couple of years of monthly trades. Maybe the more trades you have the longer it takes?

Thanks ,thats a possibility

Just jumped on sharesight:

We’ve made some changes.

We’ve been busy adding 2 great premium features to our Free plan:

• Share access to your portfolio with a friend, family member, accountant or financial advisor – making tax time easier than ever before.
• Track your performance reflecting Open & Closed Positions – making it even easier to measure your investing performance.

AND

We’re also introducing a whole new plan; Starter– track up to 20 holdings in 1 portfolio for $15 per month.

Hi I have been using sharesight for about 8months. Really love it. I set up the custom groups. Can someone tell me the ways you can use tags? I can’t get my head around what they are useful for. Many thanks in advance.

Is sharesight membership tax-deductible? Their website makes the comment below. So, if I get dividends from some of my shares, then I am deriving an income and can therefore claim the membership as an expense?

"5. Save money and claim your subscription
Claim next year’s membership fee on this year’s tax return by upgrading to to a paid plan before EOFY. And as a bonus, when you pre-pay for an annual subscription, you get 1 month FREE!


If you derive income from the sharemarket, your Sharesight subscription may be tax deductible. Check with your accountant for details." SOURCE: https://www.sharesight.com/blog/eofy/

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Originally Posted by Jonboyz

Is sharesight membership tax-deductible? Their website makes the comment below. So, if I get dividends from some of my shares, then I am deriving an income and can therefore claim the membership as an expense?

"5. Save money and claim your subscription
Claim next year’s membership fee on this year’s tax return by upgrading to to a paid plan before EOFY. And as a bonus, when you pre-pay for an annual subscription, you get 1 month FREE!


If you derive income from the sharemarket, your Sharesight subscription may be tax deductible. Check with your accountant for details." SOURCE: https://www.sharesight.com/blog/eofy/

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Generally any expense that you have that is used to derive income is deductible. Therefore in most cases sharesight would be. Either if you are a trader or an investor. But like they say, go see an accountant.

I've a query about the holding information on Sharesight, I'm not sure it reflects partial sales and therefore the current cost per share.


Say I had 213,000 shares, brought for $17,193 = 0.081 original cost base per share.


Sold 73,000 for $6,119.20


$17,193 - $6,119 = $11,074


Therefore, 140,000 remaining shares cost $11,074 = 0.079 current cost base per share, but sharesight still states 0.081 cost base per share.

I believe that what it does is calculates the original cost per share, then uses that rather than the actual price the shares were sold at to calculate the new cost per share.

Anyone else noticed this?

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Originally Posted by bullfrog

I've a query about the holding information on Sharesight, I'm not sure it reflects partial sales and therefore the current cost per share.


Say I had 213,000 shares, brought for $17,193 = 0.081 original cost base per share.


Sold 73,000 for $6,119.20


$17,193 - $6,119 = $11,074


Therefore, 140,000 remaining shares cost $11,074 = 0.079 current cost base per share, but sharesight still states 0.081 cost base per share.

I believe that what it does is calculates the original cost per share, then uses that rather than the actual price the shares were sold at to calculate the new cost per share.

Anyone else noticed this?

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I have not noticed it, but it is standard practice and is the correct way to approach the issue. The shares you purchased for 8.1 cents that you have left over still cost you 8.1 cents. The gain or loss (realised) is made on the sale of the 73,000 shares if using your example.

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Originally Posted by blackcap

I have not noticed it, but it is standard practice and is the correct way to approach the issue. The shares you purchased for 8.1 cents that you have left over still cost you 8.1 cents. The gain or loss (realised) is made on the sale of the 73,000 shares if using your example.

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I guess the clue is the ​base cost, Thanks blackcap