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Portfolio Changes: Current Cost vs Closed Cost
By StocksCafe  •  July 10, 2017
Wrong Total Cost Recently, a user highlighted that Total Cost in StocksCafe was computed wrongly and he (I assumed it's a he based on the username) is correct. I previously computed Total Cost as "Sum of [buy price x number of shares] for each stock currently in portfolio". However, this is inaccurate as he has pointed out, and I agree. Therefore I have changed the definitions of Total Cost and also introduced new terms: - Current Cost (or Current Positions Cost), and - Closed Cost (or Closed Positions Cost). New Definitions Current Cost = "Sum of [buy price x number of shares] for each stock currently in portfolio" Closed Cost = "Sum of [buy price x number of shares] for each closed positions" Total Cost = Current Cost + Closed Cost Why Does It Matter? These changes mostly affect the way percentages of various values are computed. For example, previously, ......
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By StocksCafe
StocksCafe was created originally as a personal project to help me make better investment decisions. I decided to share it because it grew to a project that I believe many can benefit from. Feel free to let me know how it can improve to better assist you ...
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