Great news investors! Today we have our very first sneak peak of Stock + Pro version 4.0.
By far, the biggest focus of this major update is the complete redesign of the portfolio feature introduced in v3. We are basically ripping all of the old guts out and building what we originally wanted to from the get-go. That means:
- Multiple, independent portfolios
- Line-by-line transactions
- Brokerage syncing/importing
Before getting into the above three items any further, here is a screenshot from one of our development Macs.
Click on the image to see it full sized.
In real life you probably have multiple portfolios with multiple brokerages. You might have a 401K or 403B with your employer, and a self guided IRA and taxable account with your favorite financial institute. Then there are 529’s and that fun play account that you use just for what-ifs.
Version 4 takes the power of multiple watchlists already present in v3 and expands that into a new sidebar item. In the above screenshot, you can see the Watchlists that you know and use everyday for monitoring the markets, but now in v4 there is a new list of sidebar items dedicated solely to Portfolios. Just like with Watchlists, you can create as many as you need/want to help you best organize and categorize your data. Each portfolio can be given its own name and icon to make it easy to recognize at a glance.
In order to accurately report Cost Basis and personal performance, it is necessary to know the details of when and how many shares where acquired or sold over time. With the new Transactions Tab in v4, you can now Add, Edit, and Delete transactions. There are a multitude of features that can springboard from having a complete transaction history for all of your accounts in one place. Perhaps, the one that we are most looking forward to develop in v4.x will be the addition of Loss/Gain Harvesting Optimal Notices. The gist of the feature would be that the app scans your transaction history and identifies potential tax savings. Right now, you generally have to do that manually, so we feel that this is something that we can add a lot of value for users.
This is a huge undertaking and will likely be a continuing work in progress. For v4.0 our goal is to have transaction syncing working with the biggest 5 USA brokerages. As of today, we have Vanguard supported and tested. Others may be supported, but we have not tested. Syncing is a huge advantage because investment transaction history can be hundreds or even thousands of line items long. While users can enter in transactions manually into the app, we strongly feel that if we can automate part of that process, it is in everyone’s best interest. As we progress further along with development we will be opening up a Beta pool to have testers come in and give us feedback on different brokerages syncing capability with the app.
We will be publishing more sneak peeks as development progresses. We do not have a hard timeline for when v4 will be released to the general public.
Thanks for reading,
The Chimp Studios Team