|
|
PortTrak 2.0 - Dealing with Data, Selling Stock The Big Picture When you instruct PortTrak to sell a stock, it will prompt you for all of the relevant information needed to enter the sale into your portfolio. It needs to know the ticker symbol of your sale, how many shares you are selling, what the cost per share is, and how much you will be paying in commission. PortTrak will give you a list of securities that you own. You should choose one of these, and then continue to enter the rest of the data. You cannot sell a stock that you do not own. PortTrak would consider that a Short Sale, and it should be handled with the "Short Stock" function. When you enter all of the information for PortTrak, make sure to only enter positive numbers with decimals. You should not enter fractions or symbols (like dollar signs), or negative numbers. Once you are finished, PortTrak will take your information and close out as many transactions from the Separated portfolio sheet as it takes to sell the required number of shares. These will be closed out on a FIFO (First In, First Out) basis. For every transaction that it closes, PortTrak will enter a log of a closed transaction on the "Transaction Log" sheet. These can be used later for tax purposes to compute capital gains and losses. On the Consolidated portfolio sheet, there is an aggregate of all of the transactions in a given stock, with the average price, average cost, etc., unless you sell out of a stock entirely, in which case it will be gone from both the Consolidated and the Separated sheets. PortTrak will add the funds for this transaction to the cash part of your portfolio. Step By Step 1) Choose "Sell Stock" from the menu 2) Choose the ticker symbol 3) Enter the number of shares you are selling 4) Enter the price per share 5) Enter the commission you are being charged 6) Hit the "Calculate" button to see what the total values are going to be 7) Hit the "OK" button to enter the transaction 8) PortTrak will close out as many transactions from the Separated portfolio sheets as it needs to sell the required number of shares 9) PortTrak will create an item on the Transaction Log page for every transaction closed out 10) PortTrak will add the cash for this transaction to the cash in your portfolio 11) If you have completely sold out of a stock, PortTrak will remove it from your portfolio Back to Dealing With Data
|
||||||
|
|||||||