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Subject Author Date
managing a portfolio of investments in_west 03-19-2007
Posted by in_west on March 19, 2007, 12:49 am
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 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


Posted by KBH on March 19, 2007, 2:00 am
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> 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:
>

'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':

http://www.kbhscape.com/kbh.htm


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...



Posted by Gerorge Smith on March 19, 2007, 11:20 pm
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>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

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.
>
>- 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?

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.


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