Alternative to Sharesight

I’ve been using Sharesight for about five years now to track the performance of my portfolio, and to track the historical performance of alternative portfolios.

Generally I’ve been pretty happy with it and learned to work around most of its limitations.

However, after bumping up against another one earlier today, I am wondering if a recent alternative has slipped below my radar.

My two biggest issues are firstly that Sharesight doesn’t allow me to incorporate my super fund (Australian Super) in their overview so I have to use a proxy fund with (hopefully) similar performance.

And secondly, whilst it gives nett and gross figures for dividend income for individual holdings, it only gives gross for the portfolio overview unless I generate a report.

There is no easily accessible way to see actual dollars received.

The ability to instantly switch between dollars and percentages is great. I’d like to do the same with nett and gross income.

So are there any new kids on the block?

 

Why would sharesight or anyone else seek to integrate two different taxpayers or entities ? Its illogical and any software that did would be useless for tax and other decision based use. The fund is not you and you are not the fund. The fund may also reflect two or more different members ? Sharesight can be fairly limited or useless at times eg a smsf. It cant deal with real accounting or issues. Sharesight can easily revert to "values" which is also not how accounting works.

Eg Gains in a super fund may be taxed at 0%- 10%, 10% or 15% and use of carry fwd tax losses etc. I cannot imagine a way that would even come close to being useful and also being sound.

In my world of accounting it would be like taking Mums consulting company and dads carpentry business and maintaining one set of accounting. Now imagine merging that with each of their super accounts. Oh and include their personal property too.

Family wealth groups would never seek to shuffle two or more entities into a common report. Instead they would use consistency in reporting each quarter etc and keep them apart and perhaps at best consolidate using excel etc.

 

I'm not trying to integrate two or more different taxpayers or entities. Or use Sharesight as default tax agent.

My super is in my name, and so are all my other investments.

I don't use a SMSF.

And I have a tax specialist to handle actual returns.

I use Sharesight mainly to give a quick overall overview of my financial position and secondarily to backtest alternatives.

It bugs my anal mind and lazy inclinations that I have to jump to the Oz Super site to see how that is going.

It also bugs me that they have fallen for defaulting to gross income rather than nett.

$100000 in nett dividend income will always be worth $100000 to me. But it may well not be worth $130000.

I'd simply like the ability to see it either way.

As a tax agent you have different needs.

 

No I was considering your needs. NOBODY offers this as it has no accurate functional purpose. YOUR income doesnt include your super. YOUR assets also dont include your super. Super actually cant be in your name. You have a interest in it that is held by the fund trustee. Its theirs. Your super is actually what they owe you not what they hold. But I can understand what you want to do. Hence sharesight doesnt seek to allow merger of entities etc. Any software that allows data feeds has integrity checks regarding the names etc. I know one piece of software that could do it but it wont integrate to industry funds and even if it did its not priced to market the same way. Best example is Vanguard VAS can be priced to market (ASX) but there is a different price for Vanguard direct.

I beleive the way you could address this is to use a datafeed to excel. Fiddly and costly if its real time pricing. Its also delayed at least 24 hrs. Settlemnet delays and timing issues are normal and will vary. Eg cash may be allocated and disappear or take time to appear etc. Unrealised / realised income in super is complex and wont be visible unless you have a direct option for the whole super balance.

 

It can't be. It is held by a trustee.

Can you just keep track using excel?

 

BGL has this new feature where you can run a consolidated report across multiple legal entities - a consolidated portfolio, which is what I think OP is looking for.

I am able to run a consolidated portfolio across family trust and SMSF - but you need to have underlying subscriptions for both.