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Chapter 3: Investments

About stocks and shares

You can easily track your investment in stocks and shares with MMEX. MMEX automatically adds your Stocks to your total financial worth.

The terms "stocks" and "shares" are often used interchangeably, and they generally have the same meaning, but their meaning could also change depending on the context they are used in.

Investment professionals use "stocks" to refer to publicly traded companies. The majority of issued stocks are "Common Stocks", which is the type of stock that most people invest in and represents shares of ownership in the corporation.

Shares, on the other hand, refers to a single smallest denomination (unit of value) of a corporation's stock. The two main types of shares are "Common Shares" and "Preferred Shares", and they carry different rights and privileges. For more information, read this article on the differences between stocks and shares.

Note: You need a stockbroker to obtain stocks and purchase and sell shares. MMEX is only a tracking tool.

Managing Stocks and Shares

To manage your investments in stocks and shares with MMEX, you must first create a stock portfolio. Any transactions relating to your stocks and shares can be managed in the Stock Portfolio view; and any transactions involving your personal accounts can be managed in the Account view.

Creating a Stock Portfolio

You must create an investment account and stock portfolio before adding any information on stocks and shares. In MMEX, an investment account and stock portfolio represent the same thing.

To create a stock portfolio

  1. From the top menu bar , select New Account.

The New Account dialog displays.

  1. Enter a name for the account and select Next.

Tip: We suggest you use the name of your stockbroker. For example, "Yahoo! Finance".

  1. Select Finish.

The Edit Account dialog displays.

  1. Edit the values in the input fields and select OK.

The new account now displays under Stock Portfolios in the Navigation Pane.

The New Stock Investment dialog

The New Stock Investment dialog allows you to create and configure your new transaction stock investment.

Item function
Company Name set the company name for this stock investment
Stock Symbol optional: add a symbol for your stock investment (i.e. IBM)
Date specify the date you made the stock investment only for the initial share transaction
Share Number specify the number of shares only for the initial share transaction
Share Price specify the initial price per share only for the initial share transaction
Commission specify any commission paidonly for the initial share transaction
Curr. Share Price specify the current share price
Notes optional: add extra notes about the investment
Stock History Options shows you the stock price historythis is blank by default

Creating your initial stocks and shares investment

In MMEX, a Stock Investment refers to a company you have purchased shares from. To initialize your stock portfolio, you must add your first stock investment.

  1. From the Navigation Pane, select a stock portfolio to add the new investment to.
  2. In the Stock Portfolio view, select New. The Edit Stock Investment dialog appears.

Note: Items with an * next to them are required only for the initial share transaction.

  1. Edit the values in the input fields and select Save.

A new share price now populates the Stock History Options column.

  1. Select Add.

An error message displays because there are no existing Share Accounts.

  1. Select OK to create a Share Account.

The Add Share Transaction dialog displays.

  1. Under Add Transaction Details, specify the account, type, and category for the Share transaction and select OK.

Your first stocks and shares investment now display in your Stock Portfolio.

Creating a share purchase

In MMEX, a share purchase is a Withdrawal transaction from your stock portfolio. You can create a share purchase in the Stock Portfolio view.

  1. In the Navigation Pane , select a stock portfolio.
  2. In the Stock Portfolio view, select Add Trans.

The Add Share Transaction dialog displays.

  1. Specify the transaction type as Withdrawal.
  2. Add investment and transaction details and select OK.

Creating a share sale

In MMEX, a share sale is a Deposit transaction from your stock portfolio. You can create a share sale in the Stock Portfolio view.

  1. In the Navigation Pane , select a stock portfolio.
  2. In the Stock Portfolio view, select Add Trans.

The Add Share Transaction dialog displays.

  1. Specify the transaction type as Deposit.
  2. Add investment and transaction details and select OK.

Viewing stock transactions

You can easily view a list of your share transactions for a stock portfolio after adding them into your account.

  1. In the Navigation Pane , select a stock portfolio.
  2. In the Stock Portfolio view, select View Trans.

The View Stock Transactions dialog displays.

  1. Review the list and select OK to close.