Investing in the stock market can be a good way to build long-term wealth, but you need to keep track of how you are doing and make sure you stay on track. Knowing how many shares of each stock you own, and how much those shares are worth, is one way to track your performance and compare your own returns to what other investors are getting.
Review your brokerage statement and find the list of the stocks you own. The brokerage statement lists the name and ticker symbol of each stock, how many shares you own and the total value of each stock holding.
Check your favorite financial publications and websites for news about stock splits announced by the companies you own. A company can announce a traditional stock split, in which the number of shares goes up, or a reverse stock split, which reduces the number of shares.
Perform the calculation to determine the number of shares you will own after the stock split. For instance, if you own 50 shares of stock in a company that just announced a 2-for-1 stock split, you will own 100 shares after the split. The price of each share will be cut in half on the day of the split, so your dollar value will remain the same until the market price rises or falls.
Items you will need
- Brokerage statement
- Jupiterimages/Photos.com/Getty Images