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7 reasons to upgrade your Sharesight account

by David Olsen, Content Manager, Sharesight

Sharesight makes it easy to track various investments in one place – everything from shares, ETFs, and managed/mutual funds, to foreign currencies (including cryptocurrencies). And while you can track 10 holdings for free, upgrading your Sharesight account provides time-saving features and unparalleled insights into how your investments are doing.

Upgrade today to unlock these 7 premium Sharesight benefits:

1. More portfolios + unlimited holdings

Sharesight’s Free plan is limited to a single portfolio with 10 holdings. When you step up to an Investor or Expert plan, you unlock additional portfolios and support for unlimited holdings!

Benefits of multiple portfolios

2. Powerful tax reports

The Unrealised Capital Gains Report allows you to calculate unrealised capital gains in an Australian portfolio to help you model how the resulting taxable income would impact your capital gains if particular shares were sold on the reporting date.

This report allows you to implement strategies such as tax loss selling, and make decisions to sell shares before the end of financial year to realise a capital gain event as part of your broader investment strategy.

screenshot - unrealised cgt report

For those of you managing portfolios in other regions, upgrading your Sharesight account provides you with the following region-specific tax reports:

3. Portfolio benchmarking

One of the most popular features in Sharesight is the ability to benchmark your portfolio against any ETF Sharesight tracks. For example, if you want to track the performance of your portfolio against the ASX200 index, selecting an ETF that is modelled on that index will help you determine the relative performance of your portfolio during that time period.

Portfolio Benchmark ASX200

Sharesight not only lets you compare your portfolio’s performance against index-tracking ETFs, but any ETF within our universe. This includes a number of ‘balanced’, ‘growth’ and ‘conservative’ ETFs.

4. Cash tracking

Upgrading your Sharesight account also allows you to track cash within your Sharesight account, so you can view your complete financial position directly within your Sharesight portfolio. There are a few ways to track cash accounts within Sharesight, including via:

5. Diversity reporting

Does your investment portfolio match your appetite for risk? Diversification is an effective way to manage risk/return, limit exposure to any single asset and align your portfolio with the level of risk appropriate for your personal situation.

screenshot - info - diversity report

Sharesight’s powerful Diversity Report allows you to examine your portfolio across the following dimensions:

  • Market
  • Sector classification
  • Industry classification
  • Investment type
  • Country
  • Do not group (holdings)
  • Custom Groupings (useful for managed funds and ETFs, where sector and industry classifications are often ‘miscellaneous’ or ‘unknown’)

6. Asset allocation reporting

(Available on Sharesight Expert plans only)

If you thought the Diversity Report was powerful, the Sharesight Contribution Analysis Report takes it to the next level. The Contribution Analysis Report explains the drivers behind your portfolio’s performance, be they stock selection, asset allocation, or exposure to certain countries, sectors, or industries.

contribution analysis report

The Contribution Analysis Report allows you to undertake performance attribution at the individual stock level, or across various categories – including any Custom Groups you’ve created. The report can be run across the entire history of your portfolio or a specific time period.

7. If you upgrade and pay for Sharesight, it’s tax-deductible1

Another great way to save money when preparing your taxes is by upgrading your Sharesight subscription. That’s because in most cases, Australian tax residents can claim their subscription fee when they upgrade to to a paid plan1. And as a bonus, when you pre-pay for an annual subscription, you get 1 month FREE!

Important Disclaimer: We do not provide tax advice. Make sure you seek appropriate tax advice before implementing the ideas in this post. 1 If you derive income from the sharemarket, your Sharesight subscription may be tax deductible. Check with your accountant for details.

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