Does this platfrom allow for dividend received to directly reduce the total cost of the stock we bought? For instance, if I bought Ascendas at $3 and received dividend of $0.03, it reduce the cost to $2.97 instead of saying I received dividend of $0.03 and cost is still $3.
Nope. StocksCafe does not reduce your cost as you receive dividends, at least not at this point.
Two reasons why that is not implemented are
-
It would be possible for cost to be less than 0 if we do that. e.g. You buy a stock for SGD5 and you hold it for 10 years and each year it gives SGD1 dividends.
-
Personally, for the above example, I would rather it says that we have gained 200% in dividends.
Cheers,
Evan
3 Likes
Thank you for your reply!
1 Like