If you sum all your Stamp Duty and FT Fee costs, it adds up to the difference (~30) that you’re seeing?
(For example, try to use the cost column from the first sheet as your cost on the 2nd sheet.)
I have used the Cost, this doesn’t work either. Still about £30 out… although the P/L and % is about the same give or take a few points here and there.
Having said that…this shows that my holdings including the cost of the position and not the value. Id expect my holding to be the value of the cost (shares - stamp duty + comms)
Hard to say without looking at all the data, but if the % matches, then the £ value should be very close too. £30 in a £6k portfolio is about 0.5% off.
On the issue of how FT compute your gain/loss… FT team probably can answer this one better than I do, but I’m glad they include all the costs.
When tracking the holding including all the costs, you get a better picture if your position is on profit or loss side. As an example: assume you bought £1000 of shares and paid £5 of Stamp Duty plus £1 of FT fees.
So £1006 came from your money available for investment in your account. Now, let’s assume the value of those shares went to £1001.
If you track without the costs, it might look like you are £1 on profit.
But your position actually have a loss of £5 if you decide to close it right now.
I mean, if you want to track only the variation of the security itself, it’s up to you… but the costs are part of any investing strategy and will help you have a better picture on how you’re doing.
It’s a very nice spreadsheet that you put together =)
Honestly, I would not stress too much about a 0.3% gap, but it might be a difference from the price returned by Google API and the price showed by FT. I just did a quick check and saw that many of them are a bit different. If you got the time, when the market is closed (so the numbers don’t keep jumping up and down), try to plug the numbers shown in FT into your price column.
In my experience the prices shown by Freetrade are very rarely in line with prices from either Google,Yahoo Finance, Webull, Trading212 or Simply Wall street; even after markets have closed… I see more price consistency with the other providers. I don’t have empirical evidence to hand but it seems to me that Freetrade is the one at odds with the others… it also doesn’t help that prices shown in Freetrade are rounded up to 2 decimal places…
Having said that I’ve just checked my Freetrade app against my portfolio tracker and the difference is currently £1.20 on a £13k portfolio so < 0.00009 % difference… which is a vast improvement! I can only think that Freetrade have made some changes / improvements in this area?
What are you using for this? I have a month subscription to Stockopedia, where I have put my transactions in…and thats £3 off. So god knows whats happening in my spreadsheet, because the costs are the same in stockopedia
If my memory isn’t playing tricks on me I think I recall a post where someone states that the price discrepancies between what Freetrade displays and what others display comes from the fact that Freetrade shows opening prices rather than closing prices like others do. Or was it the other way around?
For the time being I am using google sheets and googlefinance function as per OP. Ultimately I am hoping that Freetrade delivers sufficient portfolio tracking functionality that I don’t need to do anything outside the Freetrade app / Freetrade website.
