Superannuation: how to set in into Personal 2015?

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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
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Ivan P

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Posted 5 years ago

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Ivan P

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None can help me?
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Robyn Kelly (Partner), Accredited Partner

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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
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Ivan P

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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
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Robyn Kelly (Partner), Accredited Partner

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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
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John Campbell

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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