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Smarty_Pants
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I am an electrical engineer currently employed in the defense industry. I have been a minor partner in a local business for the past eleven years, where I keep the books. I have followed and studied the stock market for over 20 years, developing a trading style which suits my personality. My... More
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lewrockwell.com
  • How To Hold "Cash" In Your Seeking Alpha Portfolio 5 comments
    Sep 15, 2012 11:21 AM

    For some time now I have been using the Portfolio feature of SeekingAlpha to track the value of my holdings. If you're not familiar with the Portfolio capability, check it out. It is very useful. You can set up multiple portfolios and track each one individually or all of them together. That turns out to be pretty handy.

    I have set up a portfolio for my Dividend Growth stocks, one for my speculative stocks, and another one for my list of potential buy candidates which I call my 'Watch List'.

    The only issue I have run into is how to represent the cash or money market funds which I have yet to invest in an individual stock. Those funds are sitting there in my account, but the Portfolio feature does not have a "cash" bucket, nor will it recognize mutual fund / money market symbols.

    This weekend it finally dawned on me that I could substitute an ETF symbol for my cash and get a reasonably close representation.

    Duh!!

    After a little research I settled on the iShares Capital 1-3 Month T-Bill ETF (NYSEARCA:BIL). This ETF has maintained a stable price (within 0.1%) since the start of 2009. The price might vary by a few pennies (out of a $45.80-ish price) over time, but that's close enough for my needs.

    One caution is that you can only enter an integer number of shares in any stock. This means that the value of BIL which you can represent in your portfolio might be off by as much as $20 or so at any given time. While the perfectionist in me finds that somewhat annoying, the pragmatist can live with it.

    So now my portfolio(s) carry a near-cash balance in BIL and my total portfolio value is pretty darn close.

    I hope that helps some of you folks out there on SeekingAlpha. It sure helped me.

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Comments (5)
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  • BruceInKY
    , contributor
    Comments (404) | Send Message
     
    Was trying to solve the same problem in Yahoo! portfolios...so it took time for someone to stumble on this very helpful advice. Worked like a charm!
    15 Jan 2013, 02:37 PM Reply Like
  • BruceInKY
    , contributor
    Comments (404) | Send Message
     
    TIRXX also seems to work.
    15 Jan 2013, 03:21 PM Reply Like
  • jballbt
    , contributor
    Comments (4) | Send Message
     
    Curious if anyone knows a way to change a Seeking Alpha Portfolio name without deleting the portfolio and starting over again? If not this would be a nice feature to add to SA capabilities along with a way to properly manage cash holdings or daily balances that can't be tracked in SA Portfolios. This would add some nice functionality to the portfolio feature in SA.
    5 Apr 2013, 02:30 PM Reply Like
  • Smarty_Pants
    , contributor
    Comments (2781) | Send Message
     
    Author’s reply » "Curious if anyone knows a way to change a Seeking Alpha Portfolio name without deleting the portfolio and starting over again?" - jballbt

     

    Sure. Pull up your current portfolio. Click on the "edit portfolio" link.

     

    Up at the top of your list of portfolio holdings you will find the name of the current portfolio in a text box. Edit the current name and replace it with the desired new name. Save the portfolio.

     

    Voila!! You have renamed the portfolio and it still contains all the original stock information.
    5 Apr 2013, 05:01 PM Reply Like
  • jballbt
    , contributor
    Comments (4) | Send Message
     
    Perfect, thanks so much.
    6 Apr 2013, 02:49 PM Reply Like
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