ANZ Format and View of Portfolio 28/04/21

Today we look at the difference between Interactive Brokers screen and the ANZ (CMC) format.

There’s a number of important different elements (or columns) to understand and appreciate, are as follows:

• most importantly is the date of purchase. This let’s me know when we have held the shares for at least 45 days if we were to receive any dividends because, if we sell them too fast, we could lose any franking credits to help offset tax. The other key date is waiting for 12 months so that we qualify for Capital Gains tax discounts.
• the “Day gain” is probably the least important to me but it’s always good to see it positive rather than negative.
• the “Profit” is therefore the most important as it let’s me know the full gain from the historical buy date. These are very early days, so it’s very normal to first see these turn negative sometimes but in time more of these will turn positive again and what is likely to happen is that the positives will eventually outweigh the negatives. Of course, we could probably have done better if the ANZ and Brokers did not make the account openings so difficult and we had bought during March’s weakness but that was largely out of our control.
• the “Profit %” is good to see the total gain or loss as a percentage.
• the “Value” represents the total percentage allocated to each share investment. As we gradually increase our investment holdings, the objective is to ensure that none of these are more than 10% of our total portfolio. Right now we hold more than 90% in cash so these figures are actually much lower or in other words the 18.57% held in Qantas is actually less than 1.8% of our total portfolio.