Since the 2008 legislation for cost basis reporting, many investment managers are considering no longer sending tax reports from PortfolioCenter to their clients. Since managers are NOT required to track cost basis under the new regulations, how do … [Read more...]
Why does the dividend looks like a loss in PortfolioCenter?
[dropcap style="2" size="3"]Q.[/dropcap] We have a number of portfolios that hold a stock that awarded a dividend of $5.06 per share. The price of the stock at the time was $20.00 per share. On some reports in Schwab PortfolioCenter, it appears … [Read more...]
Understanding income types in PortfolioCenter
Most brokers download the correct income type into PortfolioCenter; normally, you should not need to change the income type. Here's a simplified definition of the income types you typically see with equity and mutual fund positions. Dividend: … [Read more...]
Why is there a positive Dollar Gain and a negative Time Weighted Return? Or vice versa?
How can there be a positive Dollar Gain (DG) and a negative Time Weighted Return (TWR)? Or vice versa? These "strange but true" returns occur more frequently than you might expect. First, remember that TWR measures the growth of the average … [Read more...]
Why don’t long term gains appear on the Income Report in PortfolioCenter?
[dropcap style="light"]Q. [/dropcap]None of the Long Term Gains in a portfolio appear on the PortfolioCenter Income report. Am I doing something wrong? [dropcap style="light"]A. [/dropcap]You are doing nothing wrong. Schwab Performance … [Read more...]