Welcome to the June edition of Globeinvestor Tip & Tricks. You can retrieve back copies by clicking the Help & Contact Us link on the home page.
Recent Portfolio Enhancements
Globe Portfolio offers you one of the most powerful free portfolio-tracking tools available today on the Web. It will help you ensure your portfolio is in the best shape to meet your financial goals.
In this month's edition of Tips & Tricks, we'll describe some of the new features that make tracking your portfolio with Globe Portfolio easier than ever. We'll also show you some tricks that will help you get the most out of Globe Portfolio.
Now it's easier to set up your portfolios with Globe Portfolio.
Import your portfolio easily from Canoe Money: If you've logged in, click here!
Or start a new portfolio quickly using our new Quick Add feature.
Now it's easier to view your portfolios with Globe Portfolio.
Use the new "Print this page" icon that appears on every portfolio report. The new printer-friendly reports are specially formatted to save paper and printer ink.
Now it's easier to maintain your portfolios with Globe Portfolio.
Globe Portfolio has always made the task of maintaining your portfolios easier by automatically adding mutual fund distributions, stock dividends and stock splits to your portfolio.
If you make regular contributions to your mutual fund portfolio, you can set up a recurring transaction to instruct Globe Portfolio to automatically update your portfolio on the appropriate days. Now you can edit recurring transactions.
Personalized Portfolio Tracking
Globe Portfolio understands that investors have different needs when it comes to tracking their portfolios. That's why Globe Portfolio offers six different reports, so that you can choose the reports that are most meaningful to you.
Monitor changes in the value of your stocks and mutual funds since you purchased them with our Standard report. This report shows how much you've made or lost in dollars and as a percentage of the investment's value.
Track changes in your personal rate of return for every security in your portfolio with the Period-to-Date report (showing one day, month-to-date, and year-to-date returns), the Rolling Periodsreport (showing one week, one month, and one year returns), and the Annualreport (showing returns for 1999 and 2000).
Track the overall return for the investments you currently hold and those you've sold in the past with the Gain/Loss report. Plus, this report shows the total value of dividends you've received for the stocks you've held.
Get a single at-a-glance view of price changes and market valuations throughout the business day for all your stocks with our Intraday report. This report provides quick links to price reports, analysts' estimates, balance sheet highlights and breaking news for the stocks in your portfolio.
Choose the report that's most meaningful to you! You can set a default report that will appear each time you log in by clicking the Rename/Delete Portfolio link on the Portfolio Menu page.
Why Personal Rate of Return Matters
One of the key advantages of using Globe Portfolio to track your investments is that Globe Portfolio uses a better, more accurate way of tracking your returns. It's called internal rate of return (IRR), or personal rate of return.
For many investors, a simple return calculation, like those on globefund.com's Fund Reports or published fund returns, will not show the entire story of your investment returns. When we calculate returns for globefund.com's Fund Reports, we assume you invested a lump sum at the beginning of the period. For example, the 2001 year-to-date returns shown on globefund.com assume that you purchased your mutual fund on January 1st, 2001. Yet if you purchased units midway through January or sometime in March, your personal returns may be very different from those shown.
Additionally, many investors do not make one lump sum investment in a mutual fund, but have an automatic investment plan and put a set amount into a fund every month. Because you are buying shares every month, the return numbers won't tell you how you're actually doing. The following example illustrates what happens.
Suppose you owned 100 units of a fund worth $10.00 each on the first day of a month, and still held those 100 units on the 21st of the month when the unit value is $10.50. You can deduce that your month-to-date return on investment on the 21st is 5%. In this case, your return is exactly the same as the reported return of the fund. However, if during that period you bought 100 more units on the 10th at 10.40 and sold them on the 15th at 10.20, you clearly lost money on that transaction. Your personal rate of return would be different from (and less than) the return on the fund overall.
Globe Portfolio calculates your personal rate of return for the stocks and funds in your portfolio over a variety of time periods. Check out the Performance, Period-to-date, Rolling Periods and Gain/Loss reports, all of which use this special way of tracking returns.
How Are You Doing In Comparison to the TSE300?
You can use Globe Portfolio's personal rate of return values to give you a better idea of how you're doing in comparison to benchmarks such as the TSE300 and Dow Jones.
Use the Update Index List link on the Portfolio Menu page to select from a list of over 100 benchmark indexes. You can compare your returns to major indexes, like the Dow Jones or TSE 300, to any of the fourteen TSE subgroups, or to other benchmarks, like the 1-year average GIC rate.
The returns for the indexes in your Index List will appear below every portfolio report, so you can easily compare your returns.
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