> Christopher Browne wrote:
> >
> >
> > My inclination (which is somewhat educated in the matter :-)) is to have
> > the register report _Cost._ Cost does not change over time, and since
> > it tends to reflect cash changing hands, it is _fairly_ objective.
>
> I agree. But I think that the engine does not work this way, although
> I don't know the engine well enough to be sure. I think the engine
> works this way: It has a balance of total shares and the most recent
> price per share. The reported balance then gets total_shares x price_per_share.
> To do it right we may have to change the engine and the stock register.
>
> All those who know the engine better, please comment.
It sounds to me that when the balance changes because of price changes,
this needs to be realized by a transaction, which, of course, needs to
be balanced by an entry into some kind of unrealized capital gains account.
-- hendrik.
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