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It is often a *BIG* mistake to trade for friends and family.It will almost certainly change your trading style - trying to do the right thing and trying to please them at the same time.
It would be far easier, from an accounting pov, to use separate accounts. If you must use your account, treat it like a mutual fund. Sell shares and calculate a theoretical Net Asset Value each day (equity/shares).
Jim
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Dirk II wrote:
> Two relatives of mine want me to trade their own funds as well as my own. How does one keep account of the funds, particularly if there is a profit-sharing arrangement in place (fixed percentage), when any of the parties makes periodic/irregular withdrawals?
>
> Money is fungible, of course, so I will trade from one account (my own, augmented with their funds).
>
> A new problem, but not an unwanted one.... Any advice (software, books etc.) much appreciated.
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