Track your Bendigo Invest Direct portfolio with Sharesight

Australian investors who trade with Bendigo Invest Direct can directly connect their brokerage account to Sharesight, allowing them to automatically sync their historic and ongoing trades to their Sharesight portfolio. With support for over 200 global brokers and automatically updated price and dividend information on more than 240,000 stocks, ETFs and managed funds, Sharesight is the ultimate tool for investors to track all of their investments in one place. To learn more about how investors can benefit from connecting their Bendigo Invest Direct account to Sharesight, keep reading.

What is Bendigo Invest Direct?

Bendigo Invest Direct is an online brokerage service owned by Bendigo Bank and provided by CMC Markets Stockbroking. The Australia-based platform allows investors to invest in stocks, ETFs and managed funds with access to 15 global markets spanning North America, Europe and the Asia Pacific, which are also supported by Sharesight. Other key features include access to leading stock market research, analytics tools and professional charting, as well as the ability to access unlisted managed funds (ASX mFunds).

Why you should import your Bendigo Invest trades to Sharesight

By importing your trades from Bendigo Invest Direct to Sharesight, you can easily see the complete picture of your investment performance if you trade across multiple brokers and asset classes, plus unlock Sharesight’s advanced tax reporting designed for Australian investors.

Unlike the data provided by most brokers, Sharesight takes into account the impact of brokerage fees, dividends and capital gains when calculating investment returns. Sharesight also offers a range of powerful reports for investors including Performance, Portfolio Diversity, Contribution Analysis, Multi-Period, Multi-Currency Valuation and Future Income (upcoming dividends). The ability to track cash accounts, property and even cryptocurrency is just another reason that investors should consider using Sharesight to track their investment portfolio.

Track your dividend income

Unlike other portfolio trackers, Sharesight automatically tracks dividend and distribution income (including dividend reinvestment plans) and takes this into account when calculating your investment return. In the screenshot below for example, dividends make an important contribution to this stock’s returns, highlighting the value of a portfolio tracking solution that includes more than just capital gains in its performance calculations.

Calculate your capital gains tax

Sharesight’s Capital Gains Tax Report is the ultimate CGT calculator for Australian investors. The report automatically determines capital gains made on sold shares as per the ATO rules, eliminating the need for investors to make manual calculations, which can be complex and subject to error. Other convenient features include the ability to optimise your tax position by choosing your sale allocation methods, as well as a breakdown of your portfolio’s short-term and long-term capital gains and losses.

How to import your Bendigo Invest trades to Sharesight

Investors trading through Bendigo Invest Direct can easily establish a secure connection between their Bendigo Invest and Sharesight accounts, which will automatically import historical and ongoing trades into their portfolio. Investors who choose not to link their Bendigo Invest and Sharesight accounts can also import their historical trading data by uploading a spreadsheet file of trades, or have their Trade Confirmation Emails automatically forwarded to Sharesight to capture ongoing trades.

Connect your Bendigo Invest account directly to Sharesight

Bendigo Invest Direct leverages the Sharesight API to allow investors to automatically import historical and ongoing trades into a Sharesight portfolio.

If you’re new to Sharesight, you can get started by signing up for a free account.

Once signed up, click ‘Import from a Broker’ on the ‘Add Holding’ page and select Bendigo Invest Direct, following the instructions to establish a connection between your Bendigo Invest and Sharesight accounts.

Note: Bendigo Invest Direct’s integration with the Sharesight API means none of your Bendigo account details will be visible to Sharesight, and your trading data is downloaded through a secure connection. You can revoke the connection to Sharesight at any time.

Start tracking your Bendigo Invest trades with Sharesight

Join thousands of Australian investors already using Sharesight to manage their investment portfolios. With Sharesight you can:

• Automatically track your dividend and distribution income from stocks, ETFs, LICs and managed funds – including the value of franking credits

• Use the Dividend Reinvestment Plan (DRPs/DRIPs) feature to track the impact of DRP transactions on your performance (and tax)

• See the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology

• Run powerful tax reports to calculate your dividend income with the Taxable Income Report

• Plus calculate your CGT obligations with Sharesight’s Australian Capital Gains Tax Report and Unrealised Capital Gains Tax Report

Sign up for a FREE Sharesight account and get started tracking your investment performance (and tax) today.

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

• Help - How to connect your Bendigo Invest Direct account to Sharesight

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

• Blog - 5 ways Sharesight helps Australian investors at tax time

• Blog - How to track exchange-traded funds (ETFs)