Hi everyone
I am trying to work out a spreadsheet that would help my mate with his stock market share averaging.
Writing one to input a new $ value commitment to show new average position size and total cost cost was easy.So was inputting a new number of shares sought to derive new averages.
Now I am stuck with this question. I have a existing open position of say 10000 shares and I paid $1 for it and I know the shares are currently trading at $0.50.
If I would like my average to be $ 0.75 ,how many would I have to buy ?
I've copied and pasted the cells and it looks untidy here but I hope you get the idea.
Stock Price paid Totals
nr held 10000 $1.00 $10,000.00
nr added
After averaging Total held Position total
10000 $10,000.00
New Average $0.50
Thanks and cheers
Excel layman
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