Automatically track Robinhood trades with Sharesight
Investors trading with US broker Robinhood can automatically import trades in stocks and ETFs to their Sharesight portfolio, giving them access to Sharesight’s award-winning performance, dividend tracking and tax reporting features. With support for more than 200 leading global brokers, plus automatically updated price and dividend information on over 240,000 stocks, ETFs and mutual/managed funds, Sharesight allows investors to effortlessly track all of their investments in one place.
Established in 2013, Robinhood is a US-based broker with an online trading platform that offers ‘zero commission trading’ on US-listed securities. The platform has grown in popularity after offering commission-free trading in Bitcoin and other cryptocurrencies. Other key features include the ability to purchase fractional shares, as well as research tools such as earnings calendars and the ability to view the top 100 most popular stocks on the platform.
By importing your Robinhood trades to Sharesight along with the rest of your portfolio, you can effortlessly track the price and performance of your investments across different brokers, asset classes, markets and currencies – all in one place. Investors will also benefit from Sharesight’s 15 minute delayed pricing for key US markets, plus the ability to automatically track dividend payments, including dividend reinvestment plans (DRPs) and upcoming announced dividends. Access to a powerful range of reports such as Performance, Portfolio Diversity and Multi-Currency Valuation is just another reason that investors should consider using Sharesight to track their investment portfolio.
Unlike other portfolio trackers, Sharesight automatically tracks dividend and distribution income (including dividend reinvestment plans) and takes this into account when calculating your investment return. In the screenshot below for example, dividends make an important contribution to this stock’s returns, highlighting the value of a portfolio tracking solution that includes more than just capital gains in its performance calculations.
Sharesight allows you to import your historical and ongoing trades through the Trade Confirmation Emails feature, or you can choose to manually import your historical trades by uploading a spreadsheet file. Keep reading to learn more.
The simplest way to import historical trades to Sharesight is by creating and formatting a spreadsheet file filled with trades from your trading account. This is especially useful if you need to upload a large number of trades. As long as the file contains all the required information, you can upload it to Sharesight and quickly bulk import the trading data you wish to see in your portfolio.
Sharesight’s Trade Confirmation Emails feature is an effortless way to import historical and ongoing trades to a Sharesight portfolio. By simply having your broker’s trade confirmations forwarded to your unique Sharesight email address, all of your trades are synced to your portfolio, inclusive of corporate actions such as dividends, mergers and stock splits, with no effort on your part.
- Track all of your investments in one place, including US and international stocks, ETFs, managed funds, property and even cryptocurrency
- Automatically track your dividend and distribution income from stocks, ETFs and mutual/managed Funds
- Run powerful reports built for investors, including Performance, Portfolio Diversity, Contribution Analysis, Multi-Currency Valuation, Multi-Period and Future Income
- See the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
Sign up for a FREE Sharesight account and get started tracking your investment performance (and tax) today.
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