Re: [GNC] Convert Money Market stock acnt to Bank acnt
On Sat, Aug 12, 2023 at 2:09 PM Fred Tydeman wrote: > Is there an easy way to convert a money market stock account > to a bank account? > > Since the price is always $1, and each transaction has Trading splits, the > money market accounts are adding extra data to the book file and the price > history file. > While the price is attempted to be kept at $1, it is not guaranteed to be so. I'd advise against it and if you're concerned about price history, you can get rid of old entries, can you not? _ Richard Losey rlo...@gmail.com Micah 6:8 ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Convert Money Market stock acnt to Bank acnt
Actually, not only can money market funds 'break the buck' in some cases, there has also, even recently, been bank closures where depositors were temporarily unable to access their cash. At least there is another level of protection there in the US called the FDIC, but that too has limits. I would not document these risks in GnuCash beyond identifying the asset type correctly then only documenting a failure when it actually happens. On Sat, Aug 12, 2023 at 2:43 PM John Ralls wrote: > > > > On Aug 12, 2023, at 12:08 PM, Fred Tydeman > wrote: > > > > Is there an easy way to convert a money market stock account > > to a bank account? > > > > Since the price is always $1, and each transaction has Trading splits, > the > > money market accounts are adding extra data to the book file and the > price > > history file. > > > > The only way I can think of to do that short of editing your database: > Export the transactions to CSV, edit the CSV to change the commodity, > delete the account and recreate it as type BANK and currency USD, then > import the edited CSV. > > *Almost* always $1: > https://www.investopedia.com/terms/b/breaking-the-buck.asp#:~:text=What%20Is%20Breaking%20the%20Buck,operating%20expenses%20or%20investment%20losses > . > Last happened during the 2008 meltdown. > > Regards, > John Ralls > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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. > -- David Carlson ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Convert Money Market stock acnt to Bank acnt
> On Aug 12, 2023, at 12:08 PM, Fred Tydeman wrote: > > Is there an easy way to convert a money market stock account > to a bank account? > > Since the price is always $1, and each transaction has Trading splits, the > money market accounts are adding extra data to the book file and the price > history file. > The only way I can think of to do that short of editing your database: Export the transactions to CSV, edit the CSV to change the commodity, delete the account and recreate it as type BANK and currency USD, then import the edited CSV. *Almost* always $1: https://www.investopedia.com/terms/b/breaking-the-buck.asp#:~:text=What%20Is%20Breaking%20the%20Buck,operating%20expenses%20or%20investment%20losses. Last happened during the 2008 meltdown. Regards, John Ralls ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
[GNC] Convert Money Market stock acnt to Bank acnt
Is there an easy way to convert a money market stock account to a bank account? Since the price is always $1, and each transaction has Trading splits, the money market accounts are adding extra data to the book file and the price history file. ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
