Modifying your Portfolio: New Portfolio Tool

Frequently Asked How To's:

 


How to remove stocks in a portfolio?

Note: Applicable only to manually created portfolios. You cannot add/remove stocks or edit the number of shares for a linked portfolio.

  1. Click on the Edit button found in the Holdings section of your portfolio.
  2. To remove or delete a stock, just click on the 3 dots at the right end of the stock you'd wish to remove then click the Delete button.
  3. The system will automatically save your input and you can simply click on the Done button to close the modal.

Here's how it is in action:

New- Remove Stocks-20240220-115434.gif


How to add more stocks in a portfolio?

Note: Applicable only to manually created portfolios. You cannot add/remove stocks or edit the number of shares for a linked portfolio.

  1. Click on the Edit button found in the Holdings section of your portfolio.
  2. In the editing modal, click on the + Holding button found in the lower left corner.
  3. Search your stock by typing the ticker or company name. Then, select from the search results accordingly. You can search and add multiple stocks before proceeding to the next step.
  4. Once you have added your stocks, just simply click on the Add button found in the lower right corner of the modal.
  5. Input the number of shares and the average price. The system will automatically save your input and you can simply click on the Done button to close the modal.

Here's how it is in action:

New- Add Stocks-20240220-120024.gif


How to edit the number of shares or the average price?

Note: Applicable only to manually created portfolios. You cannot add/remove stocks or edit the number of shares for a linked portfolio.

  1. Click on the Edit button found in the Holdings section of your portfolio.
  2. To edit the number of shares or average price, just simply click on the table and then type to input the new value. The system will automatically save your input and you can simply click on the Done button to close the modal.

Here's how it is in action:

New- edit Stocks-20240220-120358.gif

 

How to calculate the average price?

A field for brokerage costs or other fees is not available in the Portfolio tool. However, suppose you would like to account for the cost of brokerage in your trades to better calculate performance. What you can do is include the cost of your brokerage fees in the total cost of your investment - also known as the average price of your holdings.

To calculate the Average Price, simply get the total cost of the transaction from your broker's account then divide it by the number of shares transacted the result should be your average price to input in the system.

Average Price = Total Transaction Cost ÷ Total Shares

Where,
Total Transaction Cost = Total Shares X Price

Total Shares = The total shares you bought

Sample calculation:

If you bought 2 shares of a stock at $125 with $50 as brokerage (and other costs), you compute the average price as:

Average Price = [(Total Shares X Price) + Add on cost] ÷ Total Shares
= [(2 X 125) + 50] ÷ 2 = $150

Thus, instead of using the $125 as your price, you are going to use the average price of $150


How to change the currency of a portfolio?

Applicable to both manually created and linked portfolios.

  1. Click on the 3 dots found on the upper right portion of the portfolio tool then choose Change Currency.
  2. Delete the existing name then just type the new name.
  3. Click the Save button.

New- rename-20240221-043920.gif


How to sort the stock holdings in a portfolio?

  1. Go to your specific portfolio.
  2. On the upper right side of the list of your holdings, click on the sort symbol ().
  3. Choose your preferred sorting option, and the holdings will be sorted accordingly.

new-sort-20240304-124710.gif


How to set a fair value for a stock?

  1. Click the stock's current fair value in the Fair Value column.
  2. A pop-up modal will appear showing the Analyst's target price and the fair value of the company, calculated using the Discounted Cash Flow Model.
  3. In the space below the “My fair value", you can then enter your own fair value estimate.
  4. Once done, click the Save button.

new-set fv-20240304-124823.gif


How to add notes and price alerts from the portfolio page?

  1. In the Holdings section, switch to the detailed view using the button image-20240324-024237.png
  2. Go to the Notes section then click the Add Note button.
  3. Enter a note in the provided field and it will automatically save. To add a price alert, click on the notification bell icon and enter the price.
  4. Click the Create button. We will send you an email reminder when the closing price exceeds or drops to the price that you have set.

new- add notes-20240307-132522.gif


How to rename a portfolio?

Applicable to both manually created and linked portfolios.

  1. Click on the 3 dots found on the upper right portion of the portfolio tool then choose Rename Portfolio.
  2. Delete the existing name then just type the new name.
  3. Click the Save button to finish saving.

New- rename-20240221-043920 (1).gif


How to delete a portfolio?

  1. Simply access the specific portfolio that you intend to delete; and then
  2. Click on the 3 dots on the upper right portion to access the dropdown list where you have the option to Delete Portfolio as shown in the screenshot below.

image-20240221-045204.png


How to add transactions in the new portfolio tool?

Currently, our new portfolio tool does not have the functionality to support transactions.

If you have a legacy portfolio that includes transactions, there's no need to worry. Once the transaction support feature is available, we will convert and migrate your existing transactions to the new version seamlessly.

To provide you with the utmost convenience, we plan to introduce a method to incorporate your complete transaction history on Simply Wall St. This can be achieved through the following options:

  1. Broker Linkage: We aim to offer the ability to link specific brokers that support this feature, allowing for automatic transaction import.
  2. CSV Upload: Our system will be capable of processing various types of CSV formats, making it easy for you to upload and sync your transaction data.
  3. Manual Input: For added flexibility, we will include a feature that enables you to copy and paste multiple values simultaneously, simplifying the manual input process.

We understand the importance of having a comprehensive transaction history to track and manage your investments effectively. Rest assured that we are committed to providing you with the best portfolio management tools, and we appreciate your patience as we work on these enhancements.

Sample screenshot of a work-in-progress transactional table
5645a5d0-535d-4f7e-b20f-120305f8f39c.png


Still have questions or need further assistance?

Don't hesitate to contact our support team through our support contact form or email us directly at support@simplywallst.com. We're here to ensure you have the best experience possible.

 

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request