Beginner question regarding P/L for an ETF I bought.? - Seedly
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Anonymous

Asked 4d ago

Beginner question regarding P/L for an ETF I bought.?

I bought SWRD.L at 23.505 @ 37 shares with 10.70 fee.

Currently now the price has gone up to 23.705, however it says I have a P/L loss of -14.01.

Can somebody explain why? It is because it hasn't updated yet? I am not worried about the loss, just wanting to learn how this works.

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Shaun WQ Lim
Level 8. Wizard
Answered 2d ago

I believe SCB includes the selling commission in their P/L figure. So meaning your gain has to be cover the commission before it is considered as profit.

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jw
jw
Level 5. Genius
Answered 2d ago

It might be because of the broker fees. Or might be because of the currency loss. Some broker will take into account the current currency exchange rates and show your P/L. You can check with your broker to clarify.

Example, I invest in a US ETF, the ETF gain 2% over a period of time. During the same period, USD depreciates 4%. In this case, my brokerage account will likely show a loss (In terms of SGD).

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Jovan Lai
Jovan Lai
Level 4. Prodigy
Answered 2d ago

Hi Anon,

Fret not! The broker usually shows you the final P/L after closing the trade accounting for commissions both on buying and selling as well as any other possible holding fees. Do check with your broker accordingly what other fees there may be.

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Samantha Lim
Level 3. Wonderkid
Answered 4d ago

Assuming that your selling fee is the same as the buying fee of 10.70

Your profit from the shares itself is (23.705-23.505) x 37 shares = 7.4 bucks. Then you’ll have to take away the buying and selling fees (21.40), which will leave you with the loss of 14 bucks:)

Hope this helps!:)

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