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02/01/21
19:46
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Originally posted by IbuJen
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I'm a Newby Mum and Dad investor doing OK with a few shares. Lucky I bought After pay to keep my portfolio bouyant , but not as many as I should have when it slumped in March. Anyhow I bought $500 in Pushpay thinking it would be as popular as After Pay has been. I am confused as to why in my Comsecc portfolio it shows a loss of approximately $1700. I know the shares were quadrupled but I still don't understand how I have lost $1700 when I only invested $500. Could anyone explain this to me.
Thanks
jen
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The stock split was 4-for-1. So you received 4 shares for every 1 share you had previously purchased.
It’s likely that commsec has not adjusted for this in the purchase price. You need to edit this value by dividing the number by 4.