Turbos and residual value

Record purchased turbos and handle sales, termination and actual residual value.

Both a purchased Turbo Long and a purchased Turbo Short are holdings. Turbo Short names a product exposed to a falling price; it is not a short sale of the turbo itself.

Step by step

1Open Turbos, Trading. Choose purchase or sale and enter the broker account, date, turbo and quantity. For a new turbo, copy the full product name, including Long or Short and the product identifier.
2Enter the actual total purchase or sale price excluding separate fees. Purchase fees form part of average cost. Do not enter fees again if already included in the quote.
3Open Events when the turbo terminates. Select Purchased turbo terminated: residual value received. Enter the quantity terminated and the actual total residual value. Enter 0 if there is no residual value.
4Example: ten turbos have a total cost of €200. After termination you receive €30 total residual value. Without further fees, the loss is €170; the ten turbos disappear from the open position.
5Use the same event module for a transfer to another broker or a change in quantity. The ratio determines the new quantity, not a new purchase.
6Use Opening position for existing holdings and Year-end value for the value per turbo at the end date. Do not multiply that quote yourself by leverage or a ratio.