Randolph Fritz wrote:
> Hmmmm...when my broker recorded a split, they'd simply add the
> appropriate number of shares to the account at the right time and, of
> course, adjust the market price.
Yes, mine did too.
Please understand my perspective: I recently reconstructed my portfolio
from nothing but the buy/sell orders over a number of years. I
unfortunately did not have reliable split information from the various
brokers that were involved. Add to this the fact that historical stock
prices are mostly adjusted for splits.
So I had to dredge up or infer the split information from other sources,
since it was not immediately clear whether a particular buy or sell
order occurred on a (very) volatile day or whether there were subsequent
splits. I actually made some satisfactory progress on an algorithm to
automatically figure out the split ratio based on the high/low for that
date and the apparent discrepancy. This was not perfect however; I found
numerous examples that required explicit split records due to excessive
volatility.
One can argue that retroactively reconstructing portfolio performance is
a waste of energy; from a practical standpoint this is correct. However,
a picture is worth a thousand words, and people like to look at
performance graphs. This is a feature -- *especially* if they are
porting their information from another financial package into something
such as gnucash.
Matt
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