Subscribe to RSS feed New Feature: Adding Miscellaneous Fees

By evankoh posted on 17 Jun 2019  -  4,897 views


When StocksCafe was first built, it was built with many assumptions based on my personal (albeit limited) understanding of stock trading. It included the assumption that fees are only incurred as part of a buy or sell transaction. Clearly, that is incorrect. There are many instances when non-transaction fees are incurred such as the monthly management fees incurred by robo advisors (e.g. StashAway).

Hence I recently spent time to work on the ability to add fees that are not part of a transaction. There are two types of fees that you can now add:

1) Tagged to stock: You can choose to tag fees to a stock without having it being associated with a buy or sell transaction. Simply select Fees on this page and enter the relevant StockCode. This way, it will increase the average price of the stock and compute the P&L for the stock accordingly.

2) Tagged to portfolio: You can also choose to tag fees to a portfolio. Similarly, select Fees, but leave the StockCode field empty when entering the transaction. This way, it will increase the overall fees associated to the portfolio and compute the P&L accordingly.

As always, any questions, suggestions, bug reports, etc are more than welcome.

Happy investing!


Like
9 likes
9 comments

duckula06 - Reading the headlines, I thought you are going to add misc fees to the platform...nearly cough out my coffee LOL
17 Jun 2019 10:42:12

evankoh - lol. Do not give me ideas :)
17 Jun 2019 14:43:14

shawnlim99 - @duckula06 I had the same thinking as you too....LOL
17 Jun 2019 22:29:01

takingstock - Would you add the $2 charge per counter per quarter to cpf portfolio? Technically I think so... Still trying to convince myself
30 Jun 2019 18:59:05

evankoh - Personally, I do not invest with my CPF money because not much inside. But if they are charging those fees, why would you not record them?
30 Jun 2019 21:24:48

christopher - This is a long-shot but my students would love to be able to compute leverage financing fees into the portfolio. I can appreciate how hard it would be because different brokers may have a different way of computing the rates.
1 Jul 2019 20:32:48

evankoh - Hi Christopher, I am not sure if I understand this request. It is already currently possible to add financing fees into portfolio. You have to do it manually though since the formulae used are different. Or did you mean to hope to have it automatically computed?

Would something like this closer to what you are talking about? => https://stocks.cafe/friend/viewissue?issue_id=1164
1 Jul 2019 23:10:33

xadiq - Hello Evan, I'm new to this website and already loving the features offered on the platform.

I use the Fees transaction mainly to add interest cost from my margin account, which is compounded monthly.

I'd like to give a feedback on this feature: when I need to edit the Fees and hit "update", it returns the message "Total should be empty for fees transaction". This can be worked around by selecting Sell or Buy, removing the entry of "Total after fees" then selecting Fees again before updating. However I don't think it's the intended way to edit Fees.

Thanks!
11 Jul 2019 11:29:55

evankoh - Thank you for reporting. I will fix it soon and let you know again.
11 Jul 2019 11:52:10



Next Article > < Previous Article
One Less Password with Facebook ... Slow-loading Pages and Tracking ...



List All Articles Other articles by evankoh

Refer & Get Limited Edition StocksCafe T-shirts!
Happy Lunar New Year! As you might know, one of the main objectives of StocksCafe this year is to grow. So as you are sharing/talking about your financial freedom journey with your friends and family during this festive season, it would be great if you could also take this opportunity to share the tool/website that hopefully helped a little in your journey :) Token of Appreciation For every person ...

Dividends Projection
A little more than a year ago, I added a feature that projects how much dividends you are likely to receive for the current year in your Portfolio Report. Although it is a simple feature with naive assumptions, it is actually one of the top most-liked features. Hence, upon the request of Friends of StocksCafe, I spent some time over the weekend to include dividend projection in more areas of StocksCafe. ...

StocksCafe Now Supports Any Asset!
Regularly, I would receive requests asking, "When will StocksCafe include XXX?". They are typically other exchanges like London Stock Exchange or Australia Stock Exchange. Occasionally, it would be about commodities or other assets such as insurance, mutual funds, etc. Ideally, StocksCafe would be able to include at least all major exchanges, commodities, and funds in the future. However, I am not ...