How to Understand Precious Metal Portfolio Tracking Terms: A Guide for SMSF Investors

In the previous articles, we explained how you can invest in bullion using your self managed super fund (SMSF) in Australia, and how you can track your bullion investments using GoldSilverStacker, the best tool for SMSF investors. In this article, we will introduce you to some of the key terms and features that you need to know when tracking your precious metal portfolio.

Tracking your precious metal portfolio can help you stay informed, make smart decisions and optimise your performance. However, to do so effectively, you need to understand some of the terms and features that are used in portfolio tracking. Here are some of the most important ones:

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Live Spot Price Tracking:

Live spot price tracking is a feature that allows you to stay updated with real-time spot prices for gold, silver and other precious metals. Spot prices are the current market prices at which you can buy or sell precious metals. Live spot price tracking helps you monitor the market movements and trends of your precious metals.

Portfolio Summary Breakdown:

Portfolio summary breakdown is a feature that gives you a concise overview of your portfolio, enabling rapid decision-making based on key information. Portfolio summary breakdown shows you the current position, total weight, live spot price and profit/loss of your portfolio. It also shows you the breakdown of your portfolio by metal type and product type.

Total Market Value:

Total market value is a term that refers to the current market value of your entire portfolio. It is calculated by multiplying the weight of each metal and product in your portfolio by its respective live spot price. Total market value gives you a comprehensive snapshot of your investments.

Total Paid Price:

Total paid price is a term that refers to the total amount you have spent on purchasing precious metals. It is calculated by adding up the purchase price of each metal and product in your portfolio. Total paid price helps you track your investment cost and basis.

Total Profit:

Total profit is a term that refers to the profit for each metal and product in your portfolio, as well as the overall profit. It is calculated by subtracting the total paid price from the total market value. Total profit shows you how much money you have made or lost from your precious metal investments.

Total Profit Percentage:

Total profit percentage is a term that refers to the percentage of profit gained from your precious metal investments. It is calculated by dividing the total profit by the total paid price and multiplying by 100. Total profit percentage allows you to easily compare the performance of your portfolio against different benchmarks and time periods.

Total Weight:

Total weight is a term that refers to the weight of each metal and product in your portfolio, as well as an overall summary in kilograms. Total weight helps you monitor the size and composition of your collection.

Average Prices per Metal:

Average prices per metal are terms that refer to the average price paid for each metal in your portfolio. They are calculated by dividing the total paid price by the total weight for each metal. Average prices per metal provide valuable insights into your cost basis and trends.

Economic Loss:

Economic loss is a term that refers to the potential loss if you were to sell your bullion at the spot price. It is calculated by subtracting the total market value from the total paid price. Economic loss helps you make informed selling decisions and avoid selling at a loss.

Premium Paid:

Premium paid is a term that refers to the premium paid on each purchase of precious metals. It is calculated by subtracting the spot price from the purchase price for each metal and product. Premium paid helps you track the additional cost above the spot price that you pay for buying precious metals.

Real-Time Market Value Updates:

Real-time market value updates are a feature that allows you to enjoy real-time updates on the market values of each coin and metal type in your portfolio. They are based on live spot prices that are updated every 10 minutes. Real-time market value updates ensure accurate and current information on your portfolio.

Graphs and Trend Analysis:

Graphs and trend analysis are features that allow you to visualise and track trends in profit and loss, as well as the overall performance of your portfolio over time. They show you how your portfolio has grown in value, how it has performed against different benchmarks, and how it has diversified across different metals and products.

Account Synchronisation:

Account synchronisation is a feature that allows you to access your account and review your stack seamlessly across multiple devices, such as computers, tablets and smartphones. Account synchronisation ensures consistent and convenient portfolio management.

These are some of the key terms and features that you need to know when tracking your precious metal portfolio. By understanding these terms and features, you can make the most of GoldSilverStacker, the best tool for tracking your bullion investments using your SMSF. GoldSilverStacker offers a user-friendly and comprehensive platform that outperforms the Bullion Spreadsheet Tracker in every aspect, making it a superior alternative for SMSF investors.

If you want to try out GoldSilverStacker and experience its benefits first-hand, you can sign up for a free trial today and start tracking your bullion in under 15 seconds.

Disclaimer: This article is intended as an opinion piece and does not constitute financial advice. Investing in bullion carries risks, and individuals should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.

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