+1
Started
Vince 2 months ago • updated by Jae Jun 1 month ago 3

Can we have a portfolio tracker that calculates Time-weighted and Dollar-weighted Returns using Industry Standard Calculation Methodologies with those specified in the Global Investment Performance Standard, or "GIPS" standard.

+1
Started

@Vince we are working on this. We've got all the calculations ready to go and implementing the front section to make it look nice and pretty.

that's fantastic Jae. I came across an issue that I faced with Morningstar's portfolio monitoring service (I'm not sure if you have used them before), that I want to share with you. Say if a Company was bought out and no longer was listed on an exchange, it would get dropped from my performance numbers because it's no longer in the database. I thought this was a gross oversight, especially for a Company like Morningstar. On a side note, the performance report you can generate as a PDF for the portfolio through Morningstar is quiet nice, (which I look forward to having here as well).

But I do have to admit that getting the calculations is difficult. So many different variables. The first version isn't going to be perfect. We'll be adjusting and updating as we find better ways.