SatrixNOW Investors can access three different views of their account (see image below), by clicking on the different tabs available immediately under the account overview heading on the account overview** page.
An explanation of what these different views offer is detailed below:
1. Account Value View
The Total Account Value displayed in white numbers in the light-blue ‘block’, is the total value (in Rands) of that particular account at that point in time.
This Total Account Value is calculated by adding the Holdings Value to the Available Funds (both of which are displayed below the light-blue block)
The Holdings Value is the total Rand value of all the different securities (ETFs) an Investor owns within that particular Investor account. For example, if an Investor added the Current Value of all the different individual securities they held at a specific time, this would give them the Total Account Value.The Available Funds figure is the Rand value of the money an Investor has deposited into their account that has not yet been invested in any securities.
2. Profit/Loss View
The Total Profit / Loss displayed in white numbers in the light-blue ‘block’ in this particular account view is a measure of the growth (profit) or decline (loss) in the value of all the securities an Investor has purchased since they made their first trade on the SatrixNOW platform (inception).
This Profit/Loss figure includes both realised (on securities the Investor has already sold) and unrealised (on securities the Investor still owns and holds in their portfolio) profits or losses.
Below the main Profit / Loss figure, all Profit / Loss details related to a clients Current Holdings (Ie. all the instruments an Investor owns at that point in time) are displayed. This is broken down into three parts as follows:
- P/L before costs - the profit / loss an Investor has made on all the instruments they hold at that time
- Costs - all the costs involved in buying / acquiring those instruments he / she holds
- P/L after costs - the sum of the two figures above
3. Costs View
The Total Costs figure displayed in white numbers in the light-blue ‘block’ in this account view, is the total of all the costs charged to the Investor for all of the transactions they have made since making their first purchase on the SatrixNOW platform.
Just below the light-blue ‘block’, we split that Total Costs figure into Statutory and Brokerage costs to give you a completely transparent view of our cost structure.Remember, you won’t find a cheaper place to invest. For a full explanation of the transaction costs charged on the SatrixNOW platform, look at our knowledgebase post HERE
NOTES: **This account overview page appears in the same format for the two distinct SatrixNOW user account types (eg.; SatrixNow Investment Account and TFSA account)