newbie qn: poems and selling shares (bought at different prices)

[mm88]

Hi

like to know if i hold 2 lots of shares of the same company using my poems account
lot 1 - bought at $3
lot 2 - bought at $4

based on price averaging: my shares price is $3.50

at a later time (not doing contra), i decide to sell of only 1 lot, what will be the price
1) the remaining lot I have

$3 or $4 or $3.50?

[hanneng]

the share prices are determined on the market .. can be any price ..

[limster]

I suppose your question is that you:

Day 1: bought 1 lot
Day 2: bought 2nd lot
Day 3: contra 1 lot.

Now you want to know what is your settlement date for the remaining lot.

I don't use poems so can't give the answer as different platforms may have different rules. My own experience is that this kind of scenario 1 day difference, broker generally give you chance

[krazyman]

Are you refering to the book value of the remainding lot?

[mm88]

Are you refering to the book value of the remainding lot?

yes the remaining book value.

[Xiaotingting14]

I suppose your question is that you:

Day 1: bought 1 lot
Day 2: bought 2nd lot
Day 3: contra 1 lot.

Now you want to know what is your settlement date for the remaining lot.

I don't use poems so can't give the answer as different platforms may have different rules. My own experience is that this kind of scenario 1 day difference, broker generally give you chance

If this guy doesn't use poems, best not to comment.

[trooper21]

i believe the system will just indicate either price. You have to keep in mind on your own that you had actually average down.

[Paul Lee]

Hi

like to know if i hold 2 lots of shares of the same company using my poems account
lot 1 - bought at $3
lot 2 - bought at $4

based on price averaging: my shares price is $3.50

at a later time (not doing contra), i decide to sell of only 1 lot, what will be the price
1) the remaining lot I have

$3 or $4 or $3.50?

Since you are not doing contra, it should be average price of $3.50. You paid $7000 for 2 lots, so its logical that the remaining lot is the average.

Also it does not matter if you bought 2 lot of different prices from POEMS or any other brokerage. As long as you paid up, it is credited into your CDP account.

You need to keep track of the different prices you bought and average out the price accordingly. I usually includes the brokerage prices too to give a more accurate price paid.

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[addict951]

Hi

like to know if i hold 2 lots of shares of the same company using my poems account
lot 1 - bought at $3
lot 2 - bought at $4

based on price averaging: my shares price is $3.50

at a later time (not doing contra), i decide to sell of only 1 lot, what will be the price
1) the remaining lot I have

$3 or $4 or $3.50?

the avg price of 3.5 only kicks in if you're holding all shares at the same time or selling all at the same time

shares ar, like perishables, based on FIFO also

if this month you got those 2 lots at different days at those prices, then next month u sell only one lot, profit/loss will be calculated based on the 1st lot u got it at $3. Leaving you with the bal lot of $4.

when you hv such a case in your portfolio, best to dump all at the same time. I learnt this the hard way with one of my counters. :o

[addict951]

the avg price of 3.5 only kicks in if you're holding all shares at the same time or selling all at the same time

shares ar, like perishables, based on FIFO also

if this month you got those 2 lots at different days at those prices, then next month u sell only one lot, profit/loss will be calculated based on the 1st lot u got it at $3. Leaving you with the bal lot of $4.

when you hv such a case in your portfolio, best to dump all at the same time. I learnt this the hard way with one of my counters. :o

based on trading via POEMS

[MikeDirnt78]

the avg price of 3.5 only kicks in if you're holding all shares at the same time or selling all at the same time

shares ar, like perishables, based on FIFO also

if this month you got those 2 lots at different days at those prices, then next month u sell only one lot, profit/loss will be calculated based on the 1st lot u got it at $3. Leaving you with the bal lot of $4.

when you hv such a case in your portfolio, best to dump all at the same time. I learnt this the hard way with one of my counters. :o

not really true. when i buy at different price i can take the average buy price. profit is calculated from selling price minus average buy price

i can consider the average buy price as a single buy price also

if i were to follow your FIFO, see the following example
Buy 1000 shares at $1
Then Buy 10000 shares at $0.2
Sell 1000 shares at $0.5

if were to follow your calculation, my first sell will result in loss? do i need to wait till reaches $1 for me to profit? doesnt make sense because now my average buy price is much lower

[Paul Lee]

the avg price of 3.5 only kicks in if you're holding all shares at the same time or selling all at the same time

shares ar, like perishables, based on FIFO also

if this month you got those 2 lots at different days at those prices, then next month u sell only one lot, profit/loss will be calculated based on the 1st lot u got it at $3. Leaving you with the bal lot of $4.

when you hv such a case in your portfolio, best to dump all at the same time. I learnt this the hard way with one of my counters. :o

There is no logic to that regardless of what platform you are using. Treating shares using a FIFO method is kind of silly. You do not treat your savings in that manner, so why should you treat your shares like that??

Maybe that how POEM programmed their portfolio management. Which is why I never bother with all the portfolio managment tool from the brokerage. I still prefered to use my own.

Not a criticism if that how you want to manage your shares but not my preference.

[MikeDirnt78]

There is no logic to that regardless of what platform you are using. Treating shares using a FIFO method is kind of silly. You do not treat your savings in that manner, so why should you treat your shares like that??

Maybe that how POEM programmed their portfolio management. Which is why I never bother with all the portfolio managment tool from the brokerage. I still prefered to use my own.

Not a criticism if that how you want to manage your shares but not my preference.
true i dont know how POEMS do their software. but in reality, you dont calculate that way. why? because not many people buy stocks solely from poems. some buy from other brokerages. so best is to keep track in a software yourself of your buy/sell transactions. do not rely on poems

[addict951]

not really true. when i buy at different price i can take the average buy price. profit is calculated from selling price minus average buy price

i can consider the average buy price as a single buy price also

if i were to follow your FIFO, see the following example
Buy 1000 shares at $1
Then Buy 10000 shares at $0.2
Sell 1000 shares at $0.5

if were to follow your calculation, my first sell will result in loss? do i need to wait till reaches $1 for me to profit? doesnt make sense because now my average buy price is much lower

What not really true. I already said liao. This is based on POEMS. Which portal are you using? I learnt this 1st hand with the sale of my mother, ie. sph, which I let go at diff days on POEMS.

[MikeDirnt78]

What not really true. I already said liao. This is based on POEMS. Which portal are you using? I learnt this 1st hand with the sale of my mother, ie. sph, which I let go at diff days on POEMS.

what is the profit/loss got to do with the portal you are using?

actually the question applies to threadstarter as well. since you said not contra, you can always buy and sell from different trading accounts

[Paul Lee]

true i dont know how POEMS do their software. but in reality, you dont calculate that way. why? because not many people buy stocks solely from poems. some buy from other brokerages. so best is to keep track in a software yourself of your buy/sell transactions. do not rely on poems

Well, Mike, I guess POEMS would like all its client to only buy and sell from their platform. So they come up with a what seems like a sophisticated portfolio management tool. Probably to entice its client into thinking that they should only buy/sell through them. We both conclude that its absolute rubbish. But still I am rather shocked that some has been taken in by POEMS portfolio management tool.

Anyway to each its own. Personally I am using excel to track my portfolio.

[mm88]

the avg price of 3.5 only kicks in if you're holding all shares at the same time or selling all at the same time

shares ar, like perishables, based on FIFO also

if this month you got those 2 lots at different days at those prices, then next month u sell only one lot, profit/loss will be calculated based on the 1st lot u got it at $3. Leaving you with the bal lot of $4.

when you hv such a case in your portfolio, best to dump all at the same time. I learnt this the hard way with one of my counters. :o

I agree with you, for calculation purpose, really better to dump all at the same time..- so I have learn as well now!

having a nightmare trying to establish what price to sell etc becoz slow at different days at different price. maybe my maths is just plain horrible! =:p

[trooper21]

Well, Mike, I guess POEMS would like all its client to only buy and sell from their platform. So they come up with a what seems like a sophisticated portfolio management tool. Probably to entice its client into thinking that they should only buy/sell through them. We both conclude that its absolute rubbish. But still I am rather shocked that some has been taken in by POEMS portfolio management tool.

Anyway to each its own. Personally I am using excel to track my portfolio.

same for me.. bcos the portfolio management tool has limitations..

[sg_ltech]

Hi all, sorry to bring this post up.
I have bought 2lots at 0.845, 6lots at $1 and 2lots at 1.13 at different days for genting
yest just sold 2lots at 1.05 getting back my $2100 (excluding fees) right?
By right my portfolio should left.. 0.845*2000 + 1.0*6000 = 7690 but in my POEMS a/c how come stated 8260??? Which means im losing $570(8260-7690) just for the avg price??

Anybody can help regarding the calculation else need to call poems team liao.. tks!

[icyspawn]

First in, first out unless you're doing contra.
Where did you get the idea it's last in first out?
Anyway, why does poems' calculation really matter to you? It's just a gauge and does not affect whether you're making a gain or loss.

[sg_ltech]

ya icy, just realised that, tks and sorry for the ignorant :)
understood!