Reading statements
A broker statement tells the truth, but not the same truth as Everyfolio, and the gap between the two is almost never an error. This section teaches how to read what the broker shows — average cost, adjusted cost base, why they differ — then the notice received after each trade, field by field, then how to reconcile that statement with what the app calculates: quantities, average cost, and the gaps you should expect to see.
It ends with return, which comes in several forms depending on what is counted and since when, and which is the source of most misunderstandings between a statement and a ledger.
These four articles follow one another: each assumes the previous.
- Reading a broker statement: average cost, ACB, and why they differTwo columns of a broker’s statement are often confusing: the average cost and the adjusted cost base (ACB).
- The trade confirmationThe notice received after each trade holds everything Everyfolio asks for: quantity, average price, fees, dates. What each field means, and where it goes.
- Reconciling Everyfolio with your statement: quantities, average cost, normal gapsComparing what Everyfolio shows with what your broker shows is a healthy reflex — it is in fact the best check on your entries.
- Return, in all its forms“What is my return?” has several right answers: two honest calculations, applied to the same portfolio, give two different figures.
Understand your portfolio. Learn to invest.
An account lets you mark what you have read, answer the challenges and follow the path. Reading requires nothing.