Entering Buys and Sells
StockMarketEye portfolios are managed just like a standard brokerage account. To add items to your portfolio, you buy shares. To remove items, you sell shares. StockMarketEye can handle long and short positions, as well as the transfer of shares in and out.
Build and manage your StockMarketEye portfolios so that you always have up-to-date information with which to make your investment decisions.
Note that StockMarketEye can handle long and short positions. See the section, Entering and Closing Short Sales, for more details on short sales.
Adding an Asset (Buy)
Your portfolios can contain long or short investments in stocks, mutual funds, ETFs, options and other asset classes.
When you would like to add a position to your portfolio, simply click on the “Buy" button on the Portfolio toolbar.
The 'Purchase Details' Screen
When you click on the "Buy" button on the toolbar, the "Purchase Details” screen will appear. Use this screen to enter the details of your purchase.
This screen allows you to specify the details of the asset you are adding to your Portfolio.
In the "Ticker Symbol" field, enter the ticker symbol for the security you are adding. If you don’t know the exact ticker symbol, start typing the name of the security into the field and choose the appropriate ticker symbol from the dropdown list. More information on finding ticker symbols can be found in the section, Finding Ticker Symbols.
Once you have the ticker symbol, fill in the other fields of the dialog with values corresponding to your investment.
Shares - Enter the number of shares you are purchasing, shorting or transferring
Price - Enter the price paid per share in the “Price” field. You can use the “Get Price” button to use the closing price of the security on the date selected in the “Date” field. If this is a transfer, enter the cost basis per share for the shares you are receiving.
Commissions - Enter any commissions associated with this purchase, short sale or transfer.
Fees - Enter any fees associated with this purchase, short sale or transfer.
Net Total - Total value of this transaction. You normally don’t need to modify this field as it will be automatically computed from the fields above.
On the left-hand side of the screen, fill-in or adjust these fields:
Date - Select the day you purchased, shorted or transferred this asset.
Update the Cash Balance - Check the box if you want the Total Value subtracted from the Portfolio’s cash balance. Typically this should be checked. However, it can be unchecked if you do not want the Total Value to be subtracted from the Cash balance. The default value of this option is controlled by the property, “Update the cash balance with transaction proceeds?” in the “Portfolio” tab of the Portfolio’s Properties window.
Note that for “Shares In” transactions, the cash balance of your portfolio is never affected, no matter which setting you select. However, for proper performance calculations, you should check the box, even if your portfolio does not have a cash balance, unless the “Shares In” transaction that you are recording is part of a spin-off. See the section on recording corporate actions for details on recording spin-offs.
Currency - The currency of the security. Typically this is automatically set when entering the ticker Symbol, but can be changed manually if necessary. More information can be found in the section, Changing a Holding's Currency.
Rate - The exchange rate used for this transaction. If the Currency of this security is the same as the currency of the portfolio, the exchange rate will be 1.0. Otherwise, it will automatically be set to the closing exchange rate on the selected Date. It can be changed manually if you have a specific exchange rate from your brokerage.
Comments - Add any comments or notes about this transaction.
Once you have filled in appropriate values for all of the fields, click on the "Add" button to add the asset to your portfolio. Your portfolio will then look something like this:
Modifying an Existing Asset
To modify the details of an asset already in your portfolio, you can:
- Select the item to modify and then click on the "Details" button on the portfolio's toolbar. This will open the "Purchase Details" screen where you can make adjustments to the values previously entered.
- You can also modify some of the details of your holding “in-line”. First select the item in your portfolio, then click in the Shares or Buy Price cell of this line. You can then edit the value. Press ‘Return’ for your changes to take effect or ‘Esc’ to cancel.
- If neither of the above methods allow you to change the details sufficiently, you can also delete the item from your portfolio and add it again. To do this, select the item to delete and then right-click (CTRL-click on Mac) and then choose "Delete from Portfolio..." in the popup menu.
- See this section for more details: Delete a Transaction or Holding
Removing an Asset (Sell)
You can sell, cover a short position or transfer shares out of your portfolio by selecting the item and clicking on the "Sell" button in the toolbar.
This will open the "Sale Details" screen where you can specify the details of the transaction. When you have finished entering the information, click the “Add” button and the asset will be removed from your portfolio and a transaction will be added in the Transactions report. If you have checked the box to Update the Cash balance, the proceeds (less transaction costs) will be added to your Cash balance.
Note that you can not undo a sell operation. You first need to delete the ‘sell’ transaction in the Transactions report, then buy the security again.
FIFO vs Specific Lot Sales
You can enter either a FIFO (First In First Out) sale, or a specific lot sale. FIFO sales are specified with the Type, "Sell". Specific lot sales use the Type, "Sell Lot".
If you select a single lot item in the Prices view, then click on the Sell button on the toolbar, the Type "Sell Lot" will be automatically selected for you.
When selling a specific lot, you can choose which specific lot you want to sell by clicking on the "Select Lots to Sell" link in the top-right corner of the screen.
Then, on the "Lot Selection" screen, check the box next to the lots held on that date that you want to sell.