Tracking performance of an overall account using single "fund"
I have an account with a robo-advisor, which consists of various constituent ETFs which are bought/sold on a monthly basis.
To date I've been tracking performance by manually entering all the buy/sells in the account, adding MiscExp transactions for expenses, etc. (Note: downloaded transactions are not an option). This is a lot of work, and frankly I've decided I don't really care what the constituent ETFs are doing, but rather just the account overall.
So, I want to simply if it greatly. What I want to do is to have a single "fund" in the account at a fixed price which tracks its value and performance. Each month I would update it with buys/sell/div income, etc. This is fine for value, but it's a bit tricky to get right for performance.... Note that I don't care about capital gains, etc. because this is a tax-free account.
I was thinking that I would maintain the fund price at $1 and use Buy/Sells when adding/removing money from the account. Each month, if the value of the fund increases, I would enter a Reinv Div transaction for tracking the increase. Eg, if value increased from $500 to $570 one month, I'd enter a ReinvDiv for $70 at $1 price.
Now, this works fine when the fund value is increasing, but I haven't figured out a great way of what to do if the fund value decreases. Any suggestion of what kind of investment transaction to use for a month-over-month decrease in account value?
Finally, any other suggestions? For tracking performance instead of maintainnig price at $1 like a money market fund, I could keep the # shares fixed (eg, 100 shares) and increase/decrease price as necessary, but I am not sure how to handle the addition of new funds into the account when this happens.
Thanks for any advice!
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