On Wed, Nov 8, 2023 at 12:17 PM Jediator <[email protected]> wrote:
> After dumping QB and using GC for couple of months, I started really > enjoying its features and simplicity. I noticed that a major feature in > GC is the stock and investment management function, which I was > hesitating to get into. I'd like to hear from fellow GC users on the > usefulness and best practices for using GC for investment management. > Especially: > > 1. GC was developed in the 90's before many brokerage firms offer > portfolio management and analysis tools. Is it really useful to > replicate your investment data in GC from your brokerage account? > What are the advantages does GC bring in doing this other than > calculating capital gain taxes/loss? > 2. What types of direct reporting functions in GC for investment > management (Info in tool guide and online Wiki seems to be outdated)? > 3. How do you compare GC with other open source products (e.g., > Ghostpolio)? > > Thanks a lot in advance! -- JC > ----- > I dumped Quicken about 7.5 years ago and went with GnuCash and haven't regretted it. I ran into problems importing my Quicken data, but then I realized that I rarely go back in time very far, so I just used the ending balances in Quicken to start out in GnuCash. Investments are part of my holdings, so I've always kept them in whatever financial program I'm using. 1. I use the brokerage reports for tax purposes (gain/loss/dividends, etc), and not GnuCash. I'm not sure of the advantages; I just keep my balances and transactions in GC for investments. Investments that didn't have too many transactions, I re-entered from the beginning in GnuCash. Advantages? Obviously, you cannot access your broker account if you are having internet problems, but I can always pull up GC and see the transactions. Also, you can use your own expense categories to track the changes in GnuCash, and you can put notes by transactions - I use this and find it VERY helpful. 2. I don't use reports very much in GnuCash... honestly, many of them don't work "out of the box" and need tweaking... this is my biggest complaint with GC. I have managed to get reports useful to me to work. 3. I've not used any portfolio tracker, but I do keep spreadsheets for things I want to know about investments -- such as, "What is my average monthly income?" and various other things. In reviewing, I don't know if this helps much, but it's my thoughts on GC and investments. -- _________________________________ Richard Losey [email protected] Micah 6:8 _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
