Really ! Using the bid price to value our portfolios is in my opinion not on....Rather use the ruling price or the previous days MTM price....After all the Bids will almost always be lower than the ruling price...Take POY this morning its price has not moved and yet using the BID price its shown at 5 cents lower than the ruling price!....My portfolio reflects a larger fall today than there really is....Please bring back the more simpler version that we had before this one ,with all its fancy columns.
Quite interesting that per IFRS, you need to use last submitted bid price valuation to mark to market. I don't agree with this necessarily as it creates the opportunity for manipulation but its good to know - especially when looking at the financials of companies with listed investments. If the last bid price is put in with a thin volume it can definitely distort asset valuations
I think using the bid price reflects the true value of ones portfolio. But then the volume for that bid is also important. Whichever you use is up to you. The ruling price can also be manipulated. That's why we have the last trades table.