Income, accumulation and other unitisation questions
Posted: July 2nd, 2021, 9:48 am
Morning All.
I've just started unitising my portfolio(s) and think I have it set up more or less right (and have had the first few transactions recorded).
In short, each portfolio is represented by an account at II and includes IT's, ETF's and cash. I am only changing the number of units when I add new cash into the portfolio (i.e. typically by monthly contribution), or take cash out of the portfolio (i.e. by selling something - unlikely at present). I am not counting reinvested dividends, distributions or interest as an addition of units to the portfolio (they only change the value of each existing unit).
The above seems simply to give rise to "units" and if I had to guess of the two "accumulation units". If so, how would "income units" differ?
I may have some more follow on questions for any kind souls prepared to answer them, but that's a starter
Regards, Newroad
I've just started unitising my portfolio(s) and think I have it set up more or less right (and have had the first few transactions recorded).
In short, each portfolio is represented by an account at II and includes IT's, ETF's and cash. I am only changing the number of units when I add new cash into the portfolio (i.e. typically by monthly contribution), or take cash out of the portfolio (i.e. by selling something - unlikely at present). I am not counting reinvested dividends, distributions or interest as an addition of units to the portfolio (they only change the value of each existing unit).
The above seems simply to give rise to "units" and if I had to guess of the two "accumulation units". If so, how would "income units" differ?
I may have some more follow on questions for any kind souls prepared to answer them, but that's a starter
Regards, Newroad