Degiro profit calculation

Rycka112

Hi guys,

I wanted to know how Degiro calculates the total profit shown on the website, they show me that my total profit is 20eu but it seems wrong becouse i have putted my numbers on another website and its like 60. I'm interested why is that, maybe some taxes are deducted? If i will sell my shares i will get the profit as it has to be? Thanks for the answers.

BrokenArrows

Your profit is after buying, selling and any taxes like stamp duty in the uk/Irish markets or withholding tax for us markets have been paid.

You're probably not taking everything into account.

Rycka112

Thanks for proper guidance. I'm new at this platform and interested how it all works, I considered the us withholding tax and I think that it's right after that, but even I have filled w8-ben form they still calculating 30%? Thanks very much.

giskard

I actually have the same problem, maths doesn't add up. Do you know if / how is it possible to get a proper breakdown of whats in there?

BrokenArrows

giskard wrote: »

I actually have the same problem, maths doesn't add up. Do you know if / how is it possible to get a proper breakdown of whats in there?

The numbers always add up.

Why dont you post an example of what you are seeing and why you dont think they add up?

giskard

I bought 1 VANGUARD S&P 500 ETF at 236.22 USD and 5 of the same at 247.84 USD -- today (now) its at 255.88 USD -- my result 6.91 Euro

AlmightyCushion

giskard wrote: »

I bought 1 VANGUARD S&P 500 ETF at 236.22 USD and 5 of the same at 247.84 USD -- today (now) its at 255.88 USD -- my result 6.91 Euro

You have to take into account the euro cost of when you bought and sold.

giskard

AlmightyCushion wrote: »

You have to take into account the euro cost of when you bought and sold.

I didn't sell..

Even taking in consideration the -2.50 deliro fee for the 2017 I should way be over 45$ -- 36 euro but im not.

dotsman

Yes, but what was the USD-EUR exchange rate on the days you purchased vs now?

That's what I've always assumed is the difference. The same way, on a given day, a share might have gone down slightly ("Day diff" percentage is red), but "Day result" might be a few euro higher (in green) or vice versa.

BrokenArrows

giskard wrote: »

I didn't sell..

Even taking in consideration the -2.50 deliro fee for the 2017 I should way be over 45$ -- 36 euro but im not.

You're ignoring the exchange rates at the time you bought compared to the exchange rate you are being offered when you sell.

If you buy shares in a foreign currency and immediately sell them for the same price you will make a decent loss on the exchange rate alone.

As an example Degiro might allow you to buy shares in USD with a EURUSD rate of $1.21

So say you bought €500 that would give you $605

Then when you sell they will not give you inverse rate of 1/1.21. They will set a different rate such as 1/1.24. Which means your $605 = €487

This is the price difference between buying and selling and is the same regardless of where you exchange your money. Degiro, Bank of Ireland or some random foreign exchange office.

Taking the actual exchange rate if you bought €500 worth of shares on December 17th you would have gotten around $585 because the exchange rate then was 1.17.
Say you sold them today with the exchange rate at 1.22 for the same price you would only get back €487

This is the risk of trading in a foreign currency. The exchange rate can dramatically affect your profit/loss.

Last year i traded in some stocks. The share price actually decreased but because the exchange rate changed in my favour I was still able to sell at a profit. Sometimes you win, Sometimes you lose.

giskard

Do you all agree guys that you are speculating? Without a breakdown you can't have anything better than speculation.

Again im not saying the number is wrong, point is I can't make an educated decision without a proper breakdown.

Am I losing in tax? in conversion? why suddenly is +14 when it was -2 a couple of hours ago? I would like to have data.

AlmightyCushion

giskard wrote: »

Do you all agree guys that you are speculating? Without a breakdown you can't have anything better than speculation.

Again im not saying the number is wrong, point is I can't make an educated decision without a proper breakdown.

Am I losing in tax? in conversion? why suddenly is +14 when it was -2 a couple of hours ago? I would like to have data.

You need to find out what the shares cost you in Euro when you bought them. Once you do that you can calculate your profit or loss accurately and see if degiro is correct. The sudden change could be due to exchange rate fluctuations

scheister

AlmightyCushion wrote: »

You need to find out what the shares cost you in Euro when you bought them. Once you do that you can calculate your profit or loss accurately and see if degiro is correct. The sudden change could be due to exchange rate fluctuations

It is not only an issue with exchange rates. I own shares in Ryanair so account and shares are same currency. Including costs they were €93 for my shares current value per Degiro is €99.27 bit it is only saying profit of €5.36.

BrokenArrows

scheister wrote: »

It is not only an issue with exchange rates. I own shares in Ryanair so account and shares are same currency. Including costs they were €93 for my shares current value per Degiro is €99.27 bit it is only saying profit of €5.36.

And whats wrong with that?

Do me a favour and write it down:

Buy price?
Buy fees?
Stamp Duty on purchase?
Sell price?
Sell fees?

AlmightyCushion

BrokenArrows wrote: »

And whats wrong with that?

Do me a favour and write it down:

Buy price?
Buy fees?
Stamp Duty on purchase?
Sell price?
Sell fees?

Also, Degiro charge a fee for each exchange you have shares in every year.

gavmcg92

AlmightyCushion wrote: »

Also, Degiro charge a fee for each exchange you have shares in every year.

That shouldn't affect the profit displayed as that it a charge that is taken from your cash account. As far as I am aware, the only thing that should affect the profit displayed is the exchange rate (if in a foreign currency) and possibly stamp duty for the RyanAir shares?

gavmcg92

Without the specifics, it is very difficult for us here to help. As far as I can make out, my US based ETFs are showing the correct profit. If you feel that yours may be incorrect the contact Degiro for an explanation as to how they are calculating it.

As I said above, most charges are taken directly from your cash account and shouldn't come into the profit/loss calculation I would imagine.

investor123

I have the same problem, last year I deposited 5000, bought/sold some ETFs in USD.   Sold again and after all fees/loss on exchange rates I had 4,915.10 in my account.   Withdrew that, so now my Degiro account has a zero balance and no portfolio.
My loss is still changing daily, currently -892.12, I've asked them to explain this but they just said because of exchange rates.
They ignored my question about why the loss figure is still changing even though I've nothing in my account.
Also I made a loss of 84.90 (total deposit - total withdrawal), so I dont see how that increased to -892.12 on their website

dotsman

To add to the confusion, I have this right now (18/01/2018 - 23:07):

CRH (on IRL Stock Exchange!):
Day result: EUR -9.89
Day diff: 0.16%

Very strange!!!

I think I saw this before and that it was because one of the figures gets reset at midnight CET, while the other is reset at midnight GMT. Will check again after midnight GMT to see what it says.

To be honest, whoever design the Dashboard for DeGiro could do with a slap! It is far from intuitive.

Van.Bosch

i have my own spreadsheet and it usually ties to the cent so i would say the degiro data is good. I have noticed sometimes they dont take dividends received into account though.

dotsman

dotsman wrote: »

To add to the confusion, I have this right now (18/01/2018 - 23:07):

CRH (on IRL Stock Exchange!):
Day result: EUR -9.89
Day diff: 0.16%

Very strange!!!

I think I saw this before and that it was because one of the figures gets reset at midnight CET, while the other is reset at midnight GMT. Will check again after midnight GMT to see what it says.

To be honest, whoever design the Dashboard for DeGiro could do with a slap! It is far from intuitive.

This is correct now. After midnight GMT:
Day result: EUR 1.50
Day diff: 0.16%

No idea why they can't have both figures rest at the same time!

scheister

scheister wrote: »

It is not only an issue with exchange rates. I own shares in Ryanair so account and shares are same currency. Including costs they were €93 for my shares current value per Degiro is €99.27 bit it is only saying profit of €5.36.

I spotted the error in the above case. My spreadsheet that keep the costs on was excluding stamp duty in the total figure