Subscribe to RSS feed New Feature: Adding Miscellaneous Fees

By evankoh posted on 17 Jun 2019  -  2,199 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

Frequently Asked Questions
I regularly receive questions related to StocksCafe and often the same questions are asked over and over again, hence I think it is time to consolidate them in one place. This article will serve as a placeholder for FAQ and I will update this article as I receive more questions. How do I use StocksCafe? While I constantly add new features to StocksCafe, they will be centered around two themes: Helping ...

Quick Updates: Improved Screener
Over the last few days, I spent time making several improvements and bug fixes to StocksCafe Screener. Two improvements to bring to attention: 1) Display Metrics: You can now display any metric you want in the results without having to use them in your screener. This can be useful for exploration when you do not yet know the correct value to set for that particular metric in your screener. 2) Customizable ...

Play and Become A Better Investor!
As an investor, we often want to believe that we can pick stocks that can beat the market. So I made a game that allows us to test if we could actually pick stocks that can beat the market. The idea is simple: you will be given facts of an anonymous stock on a historical date. Based on the information, you will choose whether to invest or ignore that stock. Once you have made the decision, SGXcafe ...