Working with positions

A position represents any of the following:

A security you currently hold.
A security you held but have since sold.
A security or index you're watching.

Held and sold positions

When you add a position to a portfolio, TakeStock 2 tracks its current value and unrealized gain or loss (i.e. current value - cost basis).

When you sell a position, TakeStock 2 computes the realized gain or loss (sale proceeds - cost basis). You can undo a position sale at any time.

You can record a position's dividend payments and capital gain distributions. This enables you to determine the position's true appreciation over time, and not just its change in market value.

Watching a security

You can watch a security to monitor its current price, and optionally be alerted when the price nears your buy or sell target. A watched position doesn't affect the portfolio's total value.

Note:

Positions can be modified after they have been added to a portfolio.