TLDR; If you are using or plan to use the Other Assets feature in StocksCafe, you should continue reading. Else, you can skip.
About 5 years ago, we introduced the ability to track assets other than those listed in exchanges supported by StocksCafe. The motivation is simple. Everyone of us have assets beyond those supported by StocksCafe.
However, we made a mistake. In the backend, we created Other Assets as a completely different type of entity from supported Exchanges which made it difficult to integrate with many parts of StocksCafe.
As we started adding special “Exchanges” like Singapore Savings Bonds, CryptoCurrencies and Singapore T-Bills, we realized that we could have done things differently. This is when we started thinking about creating yet another “Exchange” called Custom Assets that would allow users to manually create any assets and track them like any other assets in supported Exchanges.
How to create and track Custom Assets?
It only takes a few simple steps to add any asset to your account:
0) Login to StocksCafe – Via this login page.
1) Define the custom asset – Define a new asset on this page.
2) Input transactions – Input transactions that you have performed with the new asset on this page (e.g. when you buy/sell).
3) Input dividends (if any) – Input past or upcoming dividends by going to the Stock page (then dividend tab) by clicking on the Symbol in assets listing.
4) Input EOD (or value/close) – Input past or future EOD by going to the Stock page (then recent tab) by clicking on the Symbol in assets listing.
5) Recommendation – Ideally, you should track custom assets in a separate portfolio as they do not have daily values (unless you add it everyday) which can affect various metrics in StocksCafe
Q: Are these custom assets private to me?
A: Yes, only you can see the custom assets created and all related data.
Q: What will happen to Other Assets?
A: Eventually, we would completely deprecate Other Assets.
Q: Will you help with the migration of Other Assets into Custom Assets?
A: Yes, I built a tool to support the migration from Other Assets into Custom Assets.
Q: I noticed many of the above links are m.stocks.cafe instead of stocks.cafe. Why is that so?
A: It is because one of the key goals for StocksCafe is consolidation and simplification. That includes combining Desktop and Mobile experience into one consistent experience. This basically mean that we will eventually replace the current Desktop UI with the current Mobile UI. (Note: We will only replace Desktop UI after replicating most of the frequently used features in Mobile UI which will likely take many months)
As always, feel free to reach out whenever if have any questions via the forum about this new feature.