Worth Saving For
Finally made my first transaction today on a new account I’ve opened with a new broker. I’ve mentioned before about opening different accounts for different purpose / timeframe / system, for example keeping a separate account for retirement and another one for some other goals like a new car (or shoes! 🙂 ), as well as an account for regular income. It is just easier to focus on what trading entry or system you are using and also lessen the chance that you confuse yourself when doing the transactions.
I thought I’d share with you a way to map your holdings, to make it easier to remember the prices you bought your shares, either in the same account or considering everything in your portfolio.    Even if you opt to just have one account but have different goals, it would be good to know the allocations e.g. number of shares for Goal 1 etc. and the prices you bought them. If you hold several stocks (of companies). You may need to create a different table for each if the prices are too far apart. e.g. transacting on penny stocks with cent values and blue chips with hundred values.
For the table below, I just indicated “Buy price” with purple color codes, and a planned buy transaction’s “target” price and maybe an applicable “average price” both color coded with green. The average price is one of the green color at 10.75 and one with the purple color code 11.65. You now have a mapping of your previous and planned transactions that is helpful for your decision making. Divide and conquer as they say!
Divide and Conquer
