Whilst I think your idea of having a subscription between the current options allowing more portfolios is a good idea, wherever the border is placed you will get people on the margin who will be unhappy. There is a famous quote from former Australian Prime Minister Bob Menzies when people were complaining about the means tested rates for social security. He pointed out that whatever rate he set the cut off, there would be unhappy people who just miss out.
That said it would probably be good for Sharesight too if they had another slightly higher subscription allowing more portfolios. I am one of the happy people because I just slide in u der the current limit. If they set the prices according to number of shares not portfolios I am done for.
A couple more ātipsā for setting up multiple accounts in SS (a little off topic but here goes):
- Syncāing one Xero entity with multiple brokerage (and SS) accounts. My set up is:
- set up each bank account that the shares touch in Xero (good to use a common name method - helps accounts sort correctly in SS in a consolidated view)
- in the respective SS portfolio, link to Xero and the right Xero account (youāll need to be in an investor or higher plan to be able to post to Xero). Send the trades to the right broker bank ac and divs to the general ac (if thatās how youāve got it set up)
- set up the cash accounts in SS in the respective portfolio
- My broker doesnāt provide bank feeds so each month I download a file and upload to Xero and the transactions are all there posted from SS (as the confirmations have been already been posted automatically by the broker to SS)
- If you use gmail you only need one email address, regardless of number of SS accounts: Just put a plus sign (+) after your name but before the @-sign and then type anything you like there, and the email will still reach you.
e.g
Main SS ac: Nassim.Taleb@gmail.com
2nd SS ac: Nassim.Taleb+ss1@gmail.com
3rd SS ac: Nassim.Taleb+ss2@gmail.com
etc
See this link https://gmail.googleblog.com/2008/03/2-hidden-ways-to-get-more-from-your.html
Hi,
I am a relatively new Individual investor Sharesight user, I came in via Morningstar.
I am getting by with 3 accounts, 1 * Self, 1 * Wife, 1 * Joint
If I had a LARGER portfolio limit, I would migrate the 1 * SMSF and the 20 plus āBack testā Portfolios I use to model performance and correlation of various investment mixes that I have in a competing (similar but different) software product.
I would like to ask a rhetorical question to Sharesight as āIs there any significant cost (to Sharesight) in enabling extra portfolios ?ā. I suspect the cost is all in software infrastructure which can be built once and used many times so I would hope āmoreā portfolios could be seen as a competitive advantage in the market place.
Last point - please donāt stop at 8 or 10 - make it 30 or 40 or 50.
Regards Greg
Please also contact me as I have the same issues
Now that I am getting on top of Sharesight functionaility - and continuing to find it is great, I realise it would be great for tracking āin Trustā shares for the handful of grandchildren I have.
That would mean a need for another 5 accounts though.
I think there could be Marketplace benefits to Sharesight in pushing the limit up significantly instead of throttling it as is current.
Yes please - I would like ālotsā of portfolios - several 10ās.
Regards Greg
Hi @mwse I was interested to read of your multiple portfolios tracked over three sharesight email accounts. I have a similar situation, not quite as many entities but I do have 2 childrenās portfolios that I track on my sharesight New Zealand, 4 portfolio expert plan. Regularly I like to see how the return is over several portfolios so use the consolidated return function.
Just wondering how do you get a consolidated return figure if the portfoliios are spread over more than one sharesight account? Is there a way of linking them up?
TIA
Heh @ecco Iāve managed to get sharing to work well across multiple accounts. To share a 2nd account to a 1st account log into the 2nd account go into account settings, sharing and permissions. Then click green button - share with a New User. Enter the email address of the 1st account. Log out of 2nd account and log back into 1st account and the portfolio from the 2nd account will appear under the choose portfolio. Also can be added to a consolidated view.
As a bonus, if you set up the same custom group names across each account the grouping will flow into the consolidated report.
Only (understandable) restriction is that the reporting level (e.g. available reports and #holdings) will be limited by the lowest subscription level portfolio included in a consolidated view - hope that makes sense.
Good luck!
cheers
Hi @mwse thanks for posting details about how the sharing works for you.
Just wanting clarification on what you said re consolidation (ie āOnly (understandable) restriction is that the reporting level (e.g. available reports and #holdings) will be limited by the lowest subscription level portfolio included in a consolidated view - hope that makes sense.ā)
Say you have your main portfolio having 30+ holdings and then the sub portfolios are with the free sharesight plans that limit you to 10 free holdings, are you saying that if you share the free plans with your main 30+ holding plan then your main plan will only now be reporting 10 holdings? I use the consolidated reporting quite regularly. Also my kids portfolios have more than 10 holdings.
Have you set up free sharesight plans for your kids accounts or are they paid plans?
Iām just wondering if there is a way to test whether this works for my set up. Do you know if you can turn the sharing function on and off to test it?
thanks
Yes - thatās correct. The report based on a consolidated view will only show 10 holdings
Have you set up free sharesight plans for your kids accounts or are they paid plans?
I have SS accounts for each child (4!). Investor plan as I need Xero integration After messing around with the childrenās portfolios off Sharesight I decided bit the bullet as the time taken for these small holdings was more than the complex portfolios on SS.
I have 11 portfolios spread across two investor plans and one expert plan (plus a free plan that I sometimes test stuff with)
cheers
Just wondering whether there is any update on this pricing and plan inclusion review?
It has been a few months now since your post.
I am a relatively new user to sharesight but agree completely with the comments in this thread and have personally felt the limitation of this as well, 3/5 portfolios are extremely limited for a paid portfolio tracking service.
One free portfolio makes sense but for paying customers, it seems quite the nickel-and-dime to limit users so severely.
+1 for this. 10 seems more appropriate for typical modern families.
@Jessinv_Sharesight is there any update on this review or portfolio numbers per account tier?
Totally agree, 5 portfolios is very limiting. I currently use 2 for ISA investments, 2 for non-ISAs and 1 for a combined his and hers pension SIPP. Really could do with 8 or ideally 10ā¦ but not priced as per the Pro plans!
Hi @Viper Iām pleased to confirm we will be making updates in the next couple of weeks. Please keep an eye out for an email with the details.
Thanks Ricky. Iām pleased to confirm we will be making updates in the next couple of weeks. Please keep an eye out for an email with the details.
the expert plan (https://www.sharesight.com/uk/pricing/) now shows 10 portfolios instead of 5. My account has been automatically update to include 10. I received an email on 7th March telling me my portfolio limit had been doubled.
Great news.
@Jessinv_Sharesight Hello from Canada. I am running into the same problem as some of the other users on this thread. I am on the Expert Plan which provides 10 portfolios but that is not enough. When I inquired about increasing the number of portfolios on my account I was told that I would need to upgrade to Sharesight Pro at a cost of $12 CAD per portfolio per month or purchase another Investor plan. I am currently paying $29.25 CAD per month for 10 portfolios - less than $3 per month per portfolio. I am using Sharesight to manage the investments for my family (me, my wife and 3 children). In Canada, it is quite normal for individuals to have several accounts so a limit of 10 is not sufficient for my needs. I have been a subscriber for a few years now and generally like the service but this limitation is becoming a real problem. I really hope Sharesight can come up with a solution that will allow me to manage the finances of my family within a single account at a reasonable price. Please let me know if there is some other option for me. Thanks.
CGT reporting was recently excluded from the Free plan. It is an understandable change from Sharesight perspective.
However, a side effect is the previous workaround suggested by Support to deal with the insufficient portfolio limit of paid plans by putting any additional portfolio in a separate Free plan and then share it with the main paid plan is no longer viable.
Please increase the portfolio limit of the paid plans, at least for the Expert plan, as otherwise it reaches a dead end for people who do need more than 10.
ps - am on Expert plan that has a limit of 10 but need at least 13.
I just discoved ShareSight and reading all these comments more than a year after they are written, Iām frustrated that ShareSight is still at the max 10 portfolio limit (most expensive expert plan) - Iām in Canada and want to manage my, and my mothers, portfolios (just 2 people!) and this definitely wonāt due the job, which is too bad because ShareSight seem to be the perfect software otherwise. I guess Canada is just too small a market for them to care!
I agree the portfolio limits are insufficient.
Could Sharesight please consider increasing the number of portfolios in the Investor Plan by just 1 more, from 4 to 5?