I’ve just logged on to sell a tesla share that I’ve had since Friday, bought it at 816.650, it as hit well over 828.91 yet my return has been in the negative as per the screenshot, please help as ive been forced to hold onto it and not sell
Could we add a notification before someone buys their first different currency stock that exchange rates fluctuations can have an effect on returns? Such a common question here maybe need to make it really clear to new investors from the start
@David@CavanHaganInvesting thank you so much, I did suspect it might be exchange rate related but had no idea it had fluctuated to that level.
Thanks for the quick responses, appreciate it.
+1 for this.( Or maybe have a sticky post with the title "negative return when the sell price is higher than the buy price) where we could explain the currency exchange rate for new members)
Using currency symbols in columns could be useful as well, e.g. price and current price will have usd (for some stocks) while return has eur or gbp. But it could clutter the portfolio a little bit.
Good that i found you post. was going to ask the same question! Nevertheless, @Vincent did $20 on tesla and he still was - 2GBP. That means you can have a profit today but tomorrow you may not cause of the exchange rate. That can throw people off, ain ?
Wouldnt be possible to have different wallets for the currencies ? USD, GBP and EURO ?
So you could choose when transfer the funds depending on the exchange rate and not being locked in the current exchange rate at the time of the sale.