7 reasons to upgrade your Sharesight account

Sharesight makes it easy to track all your investments in one place – everything from shares, ETFs and funds to foreign currencies (including cryptocurrencies). And while you can track 10 holdings for free, upgrading your Sharesight account provides time-saving features and unparalleled insights into how your investments are performing, plus powerful tax reporting tools designed for investors.

Upgrade today to unlock these 7 Sharesight benefits:

1. If you upgrade and pay for Sharesight, it’s tax-deductible

Upgrading your Sharesight subscription is a great way to save money when preparing your taxes. That’s because in most cases, Australian and New Zealand tax residents can claim their subscription fee when they upgrade to a paid plan (check with your accountant for details). And as a bonus, when you pre-pay for an annual subscription, you SAVE 25%!

2. More portfolios + unlimited holdings

Sharesight’s Free plan is limited to a single portfolio with 10 holdings. When you step up to an Investor or Expert plan, you unlock additional portfolios and support for unlimited holdings!

Benefits of multiple portfolios

• Track your retirement portfolio (SMSF, RRSP/RRIF, TFSA, KiwiSaver, etc.) separately from your other portfolios

• Easily track investments held by family members (and share secure access with them)

• Use a consolidated view to track your performance across multiple portfolios

• Create an investment watchlist to keep an eye on potential buying opportunities

3. Powerful tax reports

The unrealised capital gains report allows you to calculate unrealised capital gains in an Australian portfolio to help you model how the resulting taxable income would impact your capital gains if particular shares were sold on the reporting date.

This report enables you to implement strategies such as tax loss selling, and make decisions to sell shares before the end of the financial year to realise a capital gain event as part of your broader investment strategy.

Sharesight’s Unrealised CGT Report makes it easy for investors to model different tax loss selling scenarios.

For those of you managing portfolios in other regions, upgrading your Sharesight account provides you with the following region-specific tax reports:

• Canada: Canadian capital gains tax report (Investor and Expert plans)

• New Zealand: FIF report and traders tax report (Expert plans)

4. Cash tracking

Upgrading your Sharesight account also allows you to track cash within your Sharesight account, so you can view your complete financial position directly within your Sharesight portfolio. There are a few ways to track cash accounts within Sharesight, including via:

• Sharesight Cash Accounts

• Xero (Currently only available in Australia and New Zealand)

• Macquarie Cash Management Accounts (Only available on Sharesight’s professional plan)

5. Diversity reporting

Does your investment portfolio match your appetite for risk? Diversification is an effective way to manage risk/return, limit exposure to any single asset and align your portfolio with the level of risk appropriate for your personal situation.

Sharesight’s powerful diversity report allows you to examine your portfolio across the following dimensions:

• Market

• Sector classification

• Industry classification

• Investment type

• Country

• Do not group (holdings)

• Custom groupings (useful for managed funds and ETFs, where sector and industry classifications are often ‘miscellaneous’ or ‘unknown’)

6. Asset allocation reporting

(Available on Sharesight Investor and Expert plans only)

If you thought the diversity report was powerful, the contribution analysis report takes it to the next level. The contribution analysis report explains the drivers behind your portfolio’s performance, such as stock selection, asset allocation or exposure to certain countries, sectors, or industries.

The Contribution Analysis Report allows you to undertake performance attribution at the individual stock level, or across various categories – including any custom groups you’ve created. The report can be run across the entire history of your portfolio or a specific time period.

7. Multi-period reporting

(Available on Expert plans only)

For even deeper analysis, the multi-period report allows you to compare your portfolio returns over up to five distinct or cumulative periods. This makes it easy to assess investment decisions against events such as market corrections, individual asset corrections or portfolio rebalancing. Not limited to total return values, you can also view the portfolio’s capital gains, payout gains and currency gains in percentage or monetary values.

Sharesight’s multi-period report allows you to evaluate your performance against any number of investing strategies or market events.

Upgrade your Sharesight account today

Join thousands of investors using Sharesight’s portfolio tracker to track the performance of all of their investments in one place.

Become a better investor today – upgrade your Sharesight account and unlock powerful features designed for self-directed investors like you.

Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

• Blog – Save time & money by sharing your portfolio with your accountant

• Blog – 7 reasons why Sharesight is better than a spreadsheet

• Blog – How I make the most of all my Sharesight portfolios