Someone already tracking this in Canada could probably help more, but here’s my take on it:
1. is every dollar put into the account invested? 2. and is the same fund purchased or can that change? 3. and can there be a mix of funds in the account? If the answer to #1 is ‘yes’ maybe just setting this up directly as a mutual fund investment rather than a savings account is the simpler approach. Treat withdrawals like you would cash withdrawals from a brokerage account. The Guide explains how to set up a fund and should include how to handle fees. If ’no’ then I’d set up the separate fund, and make transactions to purchase shares in it from the savings account when the fund does. Having a separate investment account would also facilitate tracking if the answers to either 2 or 3 are ‘yes’. Another alternative is to ignore the fund and just make adjustments to the savings account as they appear on periodic statements or online if they are posted to your account. (but that would not allow you to retrieve pricing and see a ‘at this moment’ value of the investment/savings) Of course, there might be tax implications (if simply for reporting) for how you keep track of all of this, so keep that in mind and get official advice where necessary. Regards, Adrien > On Mar 10, 2020 w11d70, at 10:54 PM, Mike Sanders <[email protected]> > wrote: > > Hi > I have been using your software off and on for a couple of years. I > recently am trying to get my accounts in shape to payoff debts and such. > > One of the accounts that I have is a savings account. I deposit money into > the account weekly and the bank purchases shares in a bank managed mutual > fund. The fund goes up and down and so too my investment based on the > value of those shares. > > I currently in gnucash deposit into a savings transaction then adjust the > balance based on what the bank says the fund is worth each week. So I may > purchase 20 dollars worth of shares and my balance goes up or down based on > the total number of shares that I have in the fund. > > Recently the fund has been loosing money, not worried about it. But I'd > like to be able to setup a phoney stock listing or something like that with > the prices of the fund shares. So each week I purchase X number of shares > at the listed price as the bank shows in the statements. Also quarterly > the bank pays a dividend interest amount and purchases x amount of shares > to be added to my total. > > I have looked at the documentation for equities and stuff and can't get my > head around how to set it up. Any fees that I may pay are not shown, The > bank manages the fund. It is a savings vehicle called a Tax Free Savings > account that the government in Canada controls the amount of investment > that someone can save each year. Any interest or returns on investment are > not taxed but are tracked by the government. Such is the world we live in. > > Any suggestions or direction on how to do this would be most helpful. If > there is no easy way to do it. That's okay, my simple method does track > the account balance just not why it goes up and down. > > Thanks Mike Sanders. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
