Considering that there are many banks that allow you to make weekly investment plans, it would be very interesting if you allowed this option in your program. In this way, one could analyze and make a much more complete track record of their investment plan without having to apply weekly purchases or make a monthly plan that does not correctly reflect the average purchase prices.
Even when a weekly schedule would be available, it’s still recommended to import the original purchasing documents in order to have reliable bookings based on reality.
No, I can agree with that, but you will agree with me that doing it manually every week is more cumbersome than making a weekly plan directly. In any case, my opinion was more as a contribution to the developers, if they see it feasible and it is not complicated to do (I don’t know), it would be good to have that option.
Currently you could make use of an workarround, by creating 4 individual saving plans, each one starts ONE week after the last one.
But you need to keep in mind, those bookings aren’t reality. Over time your PP data will differ more and more. As price and amount of shares doesn’t represent reality.
Yes, I understand what you’re saying, it would be a good idea but of course, since it won’t take it at the same point, it will end up giving me different values and that will expand over time, I think it would be better to enter it manually, in any case it would be interesting to see the difference between a monthly plan and a weekly one, and see if there is any relevant difference in the return.
Bookings from a saving plan get corrected when you import the pdf from your broker.
You’ll see the indication within the importer marked with a yellow triangle.
The periodic investment plan, we call it in India SIP (SYSTEMATIC INVESTMENT PLAN) is very comman and prudent way of making investment. It allows to make continuous investment in small amount and added to advantage, it average out the price fluctuation over time.
It is desirable that PP accommodate such transaction.
Investor configure, say Rs 5000 in a Mutual Fund Scheme, such amount is invested on every month on a specific date (say 10th of every month) PP fetch the data from source, identify the NAV on that day, and credit the units (SIP amount / NAV), thus Rs. 5000 investment is added in the selected ISIN with NAV and units automatically.
PP may offer, as how many such SIP INSTALLMENT to be configured (if 12 transactions configured, PP will make 12 such transactions and then stop)
additionally, if transaction expense is levied as % of NAV, it can also be configured.
These are just suggestions from an investor point of view,
Developer can assess if they can be implemented and if they are useful for the large number of users.
Thanks
To be honest, I don’t quite understand your point of view.
PP has a periodic investment plan available.
But there is always a deviation between quotes PP receives and purchase/selling price in reality.
So in order to run PP the most accurate way it’s important to import bank statements.
When importing bank statements after the investment plan did create a booking, the booking will be adjusted to price and amount of stocks.