Re: [GNC] Stock Name Change Best Practices
Thanks for your perspective on this. With my recent experiences with lots, I think I'll keep this simple. On July 25, 2022 7:01:41 PM GMT+03:00, David Carlson wrote: >To me, the former name and the date of the change are important. It is >easy to add a dummy transaction in the register to record those pieces of >information plus whatever other details might be important. Then editing >the stock names and tickers allow price downloads to resume. > >However, sometimes I want reports to show the old names for periods before >the change. Then I go to the trouble to create a new security under the >new ticker and make buy and sell transaction s as if it were a stock split >or buyout. That can also be used if desired to convert unrealized gains >into realized gains or perhaps just move unrealized gains to the new >ticker. I do not use the GnuCash lots feature as I prefer to track lots >manual ly, so I don't know how that would fit in. > >On Mon, Jul 25, 2022, 8:00 AM David T. via gnucash-user < >gnucash-user@gnucash.org> wrote: > >> Hello, >> >> I'm seeking advice from the group about the best way to handle a >> ticker/name change for a held stock. >> >> For example, Facebook renamed itself Meta a while back, and in June they >> changed their ticker from FB to META. Naturally, I wish the Gnucash books >> to reflect these changes; I also want price retrieval to continue to work. >> >> The simple approach is to edit the account name and the security info and >> change them to the new name. Facebook, the Gnucash security and the account >> entries, get changed to META. This approach seemingly works fine; the >> holdings change in the CoA and retrieval of prices resumes. >> >> However, something about this feels incomplete. It feels like some >> information about the holdings gets lost this way. Or am I over thinking >> this? >> >> Cheers, >> David T. >> ___ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> 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. >> ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Stock Name Change Best Practices
Thanks John. I appreciate it. On July 25, 2022 6:58:12 PM GMT+03:00, john wrote: > > >> On Jul 25, 2022, at 5:58 AM, David T. via gnucash-user >> wrote: >> >> Hello, >> >> I'm seeking advice from the group about the best way to handle a ticker/name >> change for a held stock. >> >> For example, Facebook renamed itself Meta a while back, and in June they >> changed their ticker from FB to META. Naturally, I wish the Gnucash books to >> reflect these changes; I also want price retrieval to continue to work. >> >> The simple approach is to edit the account name and the security info and >> change them to the new name. Facebook, the Gnucash security and the account >> entries, get changed to META. This approach seemingly works fine; the >> holdings change in the CoA and retrieval of prices resumes. >> >> However, something about this feels incomplete. It feels like some >> information about the holdings gets lost this way. Or am I over thinking >> this? > >That's what I've always done, so I think that you're over-thinking it. After >all, the name change has no material effect on the underlying asset. If it >really bugs you you could create a new security and account and transfer the >shares. When you get around to selling the stock you'll have to look at the >original account to get the basis, but that's not that big a deal; a bigger >one might be that it will probably break the Advanced Portfolio Report. I >don't use that, but if you do you'll probably prefer to just change the name >on the existing security and account. > >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 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.
Re: [GNC] Stock Name Change Best Practices
To me, the former name and the date of the change are important. It is easy to add a dummy transaction in the register to record those pieces of information plus whatever other details might be important. Then editing the stock names and tickers allow price downloads to resume. However, sometimes I want reports to show the old names for periods before the change. Then I go to the trouble to create a new security under the new ticker and make buy and sell transaction s as if it were a stock split or buyout. That can also be used if desired to convert unrealized gains into realized gains or perhaps just move unrealized gains to the new ticker. I do not use the GnuCash lots feature as I prefer to track lots manual ly, so I don't know how that would fit in. On Mon, Jul 25, 2022, 8:00 AM David T. via gnucash-user < gnucash-user@gnucash.org> wrote: > Hello, > > I'm seeking advice from the group about the best way to handle a > ticker/name change for a held stock. > > For example, Facebook renamed itself Meta a while back, and in June they > changed their ticker from FB to META. Naturally, I wish the Gnucash books > to reflect these changes; I also want price retrieval to continue to work. > > The simple approach is to edit the account name and the security info and > change them to the new name. Facebook, the Gnucash security and the account > entries, get changed to META. This approach seemingly works fine; the > holdings change in the CoA and retrieval of prices resumes. > > However, something about this feels incomplete. It feels like some > information about the holdings gets lost this way. Or am I over thinking > this? > > Cheers, > David T. > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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. > ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Stock Name Change Best Practices
> On Jul 25, 2022, at 5:58 AM, David T. via gnucash-user > wrote: > > Hello, > > I'm seeking advice from the group about the best way to handle a ticker/name > change for a held stock. > > For example, Facebook renamed itself Meta a while back, and in June they > changed their ticker from FB to META. Naturally, I wish the Gnucash books to > reflect these changes; I also want price retrieval to continue to work. > > The simple approach is to edit the account name and the security info and > change them to the new name. Facebook, the Gnucash security and the account > entries, get changed to META. This approach seemingly works fine; the > holdings change in the CoA and retrieval of prices resumes. > > However, something about this feels incomplete. It feels like some > information about the holdings gets lost this way. Or am I over thinking > this? That's what I've always done, so I think that you're over-thinking it. After all, the name change has no material effect on the underlying asset. If it really bugs you you could create a new security and account and transfer the shares. When you get around to selling the stock you'll have to look at the original account to get the basis, but that's not that big a deal; a bigger one might be that it will probably break the Advanced Portfolio Report. I don't use that, but if you do you'll probably prefer to just change the name on the existing security and account. 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 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.
