Superannuation: how to set in into Personal 2015?

FiNaRFiNaR Member Posts: 12
edited August 27 in Accounts Business Range
Hello,

I have just completed the upgrade from Personal 2011 to personal 2015 and I have found out that there is a new "category" called "Investing"...

I used to track my Supa as as "Asset" and now I would like to track it within the "Investing" category....

I tried to setup a new supa account under investment, but I got stacked into the "ticker" information...

my Supa is with AMP, how do I know which securities are included in my supa??

any suggestions?

thanks

Ivan

Comments

  • FiNaRFiNaR Member Posts: 12
    edited September 2014
    None can help me?
  • Robyn Kelly (Partner)Robyn Kelly (Partner) Accredited Partner Posts: 554 ✭✭
    edited September 2019
    Hi Ivan - AMP should be able to answer that question with your 6 monthly / annually report you receive?
    If it's a managed fund AMP will often make all the decisions on buying & selling so it may be hard to track unless you get every little bit of information / paperwork every time a transaction is made from AMP.
    Regards, Robyn Kelly
  • FiNaRFiNaR Member Posts: 12
    edited September 2014
    Thanks for your answer, in fact I do receive the six month reports, but it lists some "internal AMP" financial products... 

    each one of this products it is supposed to be composed by a subset of shares...

    how would I treat when my employer put money in? increase/decrease shares??? mmm much more complicated than what I thought....

    as you said it seems to be difficult to track it like that... how do you suggest to track it instead? (at the moment I have a simple account under "assets"...)

    thank for any suggestion!

    Ivan
  • Robyn Kelly (Partner)Robyn Kelly (Partner) Accredited Partner Posts: 554 ✭✭
    edited December 2016
    Hi Ivan, this is only a personal opinion / point of view, as you would have no control over what happens in this fund.  I would just create this account and then do one transaction each 6 months for the gain or loss and use an income or expense category to do so.  I believe you could tear your hair out trying to match the info each 6 months other wise?????
    Regards, Robyn
  • John CampbellJohn Campbell Member Posts: 239 ✭✭
    edited November 2016

    Ivan,

    I have found that the super funds I have used will publish either a daily unit price or a fund performance.

    In the case of a unit price, I have the number of units and price and treat this as a non-listed company and import the daily prices.

    In the case of a cumulative daily rate, I have converted this into an effective unit price and my value in the fund to shares and again import the daily effective unit price. All transactions in the fund can be applied at the daily price and converted into buy/sell of units. You can do this in a spreadsheet first and confirm it is a useful way of tracking your fund value. The unit price gives a very good measure of long term performance, without the marketing spin.

    I am not familiar with the RPP approach to super to comment on their particular reporting approach.

    John

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