Re: Best way to enter and Track Portfolio Loan Costs

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In Reply to: Best way to enter and Track Portfolio Loan Costs posted by George R on January 08, 2005 at 21:56:53:

: Hi Mark

: I use a Line Of Credit to fund my share trading. There are monthly repayments at 6.67% PA rate as well as some minor monthly loan house-keeping costs (amounting to a few dollars a month).

: What is the best way to enter these costs into FM7 so that I get a truer porttfolio representation. Namely share gains/losses as well as share trading (loan) costs ?

: Thanks

Hi George,

I'd recommend tracking your line of credit as its own investment. Treat it
like a cash account, with a constant share price of $1. Use the "Account Fee"
and "Interest Income" distribution types to record your fees and interest paid.
When you "pay" interest this is a negative distribution, so you should record
the shares/value as negative amounts.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies:

• Re: Best way to enter and Track Portfolio Loan Costs Geoge R 08:17:31 01/09/05 (0)