In portfolios, provide ability to show reason for 'withdrawal' of funds such as management fees
I use Portfolio to monitor about $1.5 in funds invested with Schwab. In some cases, some of the funds are allocated to a money manager whom I am testing and who charges a management fee quarterly. When I enter that amount in to that specific portfolio, my only option is to show the fee simply as a 'withdrawal' rather than a specific reason. When I inherited some funds from my Mom, I forced myself to allocate a percentage of the inheritance to a money manager and then monitored his successes versus my own using Vector Vest. Suffice to say that I withdrew the funds allocated to the money manager because my success rate using VV was way ahead of what progress the 'professional' was experiencing.
Larry Halpin
shared this idea
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Tom Claytor
commented
Right the portfolio manager needs more flexibility!! I have trouble when I make a mistake and have to redo the whole thing.