*Update For Canadian Viewers* ShareSight offers a special capital gains report for tax time! You can learn more about it here: ▶︎ www.sharesight.com/blog/canadian-capital-gains-tax-report-makes-tax-time-easy/
Great review of Sharesight Hamish! I'm a long term subscriber to Morningstar's services, but will keep Sharesight in mind if I ever decide to switch services. My only question is regarding the Taxable Income and Capital Gains Reports... Doesn't your broker send you an all-inclusive report with this information at year end? Thanks Hamish...
Hey Hamish As an Australian, I was unable to find a good video on how to determine the rule around the tax on my investment in stock market either in Australia or someone from Australia invested in US. Wondering how you calculate your tax on gain or loses stock market every financial year? Would be great if you make a video on it. Thanks heaps mate
How awesome Hamish. I’m signing up as this is the part of my share trading (admin) that in dislike. I can then track and monitor my investment and help my tax agent. Will sign up for sure !
I have a questions thats not related to the video, so when looking at ratios and a companys numbers a constant growth in EPS is obviously great to see however since Owners Earnings can be seen as superior to EPS wouldn't you also try to see a constant growth in Owners Earnings as well over a period of time?
Hi Hamish thanks for all the great content mate! I have multiple brokers connected to my Sharesight however I am struggling to integrate my Interactive Brokers account as I can find the FTP login details on their site, do you know where these can be found? Thanks again man
Hey, Hamish. On Friday I started to talk with the Sharesight team (but they stopped answering), because there is a bit of an issue with Currency Gains for those with US stock. I know you don't work for them, just wondering if you found a work around this. So for US stock I use Stake. On Sharesight (SS) you can create a 'cash account', and every time I fund my Stake account I add the deposit value to SS 'Cash Account' (let's say Monday). Then a few day's later (Friday) I buy a stock, but the cash amount in "Cash Account' doesn't change. So it's calculating the Currency Gains as if I added the Funds that day (Friday). Which means instead of calculating the Currency Gain's from Monday is calculating it from Friday. As we know the AUD is quite volatile. Know they have the option of turning the portfolio to "Tax Residency USA" then when you create the "Cash Account" you can link them. But then the portfolio stops calculating currency gains, and stops taking out the 15% Tax from Dividends... Not sure if this was clear. Any ideas on how to fix this?
If your paying a fee to your accountant it's not free.I would rather do my own tax save the accountant fee then use sharesight, also you still have to have all your holdings organised to give your accountant, sharesight would minimise mistakes Cheers.
Hi Hamish - I have created account with Sharesight. I have an offshore USD portfolio, but am currently staying in London. The portfolio has therefore defaulted to POUNDS which is incorrect. How do I change this so it is USD? I also do not want to see the "Currency Gain" column on my profile, since it is irrelevant to me if my investments are USD only. How can I change this? Thanks so much!
portfolio currency would be the same as your tax residency. You can always duplicate a portfolio and set residency as US/ USD for management. Use the UK portfolio for reporting tax purpose I suppose.
Thanks for the video! Great demo! I'll be sure to check it out. I was wondering if you could do a stock analysis video on Cochlear? Cheers and keep up the good work!
