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Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

wealthfolio.app

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Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#141

Post by adastra22 »

throw0101c wrote: post #26
GoatOfAplomb wrote: post #8

I love the idea of keeping my finances private while still having a useful tracker/planner. And I love that this would give me some protection against a new version making things worse. I also love the option to write my own plugin or to hack the source code itself (even though I probably wouldn't). But I don't think I'm willing to give up fully automated data refreshes at this point. I have too many accounts to trac…

> I love the idea of keeping my finances private while still having a useful tracker/planner. YNAB4 was a local client, but with YNAB5 they sadly (to me) went online and subscription. I happily paid for v4 (one-time purchase), but was/am not willing to pay for v5 because (a) I don't like renting software, and (b) I have no need for syncing (which a subscription could justify to pay for ongoing server costs).

Have you tried financier?

https://financier.io/

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#142

Post by workworkwork71 »

danielheath wrote: post #128
Klonoar wrote: post #116

Earlier quoted context omitted.

This is one where I don't quite get the angle of hosting locally to preserve privacy. By nature of the economic system, you must interact with 3rd parties, unless you somehow live a life where you can manage to be all crypto or (increasingly harder) cash based. At that point, there is no real benefit to privacy outside of ensuring that whatever institution(s) you work with aren't doing anything odd. I'm open to missi…

Trusting some random VC-backed SAAS not to sell my data is (to me) as mad as trusting that the tide won't come in - it would be astonishing if they _didn't_ sell my data. My bank has both commercial & cultural reasons not to sell my ID & transaction history. They might still do it anyways, but it's at least plausible that they wouldn't, if only due to the harm to their reputation if it ends up in the papers.

I'm a founder in this space (Fulfilled - posted above). Here's the reality: You're right that incentives matter. But selling your data would be idiotic for us, same reason it would be for your bank in that trust is the entire business model.

If we want to monetize insights from aggregated data, we'd do it in-house and offer you better products. Example: Why sell your mortgage readiness data to some broker when we could source competitive mortgage offers and present them directly to you? Keep you in our ecosystem, add value to your experience, and build a revenue stream that doesn't destroy the core product.

The wealth space is crowded. Companies that burn user trust get exposed fast and die faster. The only sustainable path is treating your data like it belongs to you and not us. Any company here who doesn't get that is building on quicksand and I'd be very surprised to hear any of the larger players engaging in those practices but maybe I'm naive.

Either way, it's why we're a Fiduciary and that blankets the entire product suite.

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#143

Post by jstummbillig »

danielheath wrote: post #128
Klonoar wrote: post #116

Earlier quoted context omitted.

This is one where I don't quite get the angle of hosting locally to preserve privacy. By nature of the economic system, you must interact with 3rd parties, unless you somehow live a life where you can manage to be all crypto or (increasingly harder) cash based. At that point, there is no real benefit to privacy outside of ensuring that whatever institution(s) you work with aren't doing anything odd. I'm open to missi…

Trusting some random VC-backed SAAS not to sell my data is (to me) as mad as trusting that the tide won't come in - it would be astonishing if they _didn't_ sell my data. My bank has both commercial & cultural reasons not to sell my ID & transaction history. They might still do it anyways, but it's at least plausible that they wouldn't, if only due to the harm to their reputation if it ends up in the papers.

> it would be astonishing if they _didn't_ sell my data.

Sell the data to whom?

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#144

Post by workworkwork71 »

BrenBarn wrote: post #105
ryandrake wrote: post #52

Earlier quoted context omitted.

Quicken is getting even more and more disappointing. Used to be, you'd use what Quicken calls "direct connect" where the client software itself connects to your bank's servers and pulls down your transactions and balances. They also had this "quicken connect" where the client software connects to Quicken servers, who, in turn, contact your bank--making Intuit an unwanted middleman. Slowly, but consistently, Quicken h…

My understanding is that part of the problem is that many banks do not provide that kind of "direct connect" functionality anymore. Some used to provide OFX but no longer do. Also, financial regulations aimed at "open banking" (like PSD2) bizarrely seem oriented towards enabling middlemen like Plaid. They don't require anything like "each individual customer must be allowed to access their individual data by using an…

You're correct here. The banks have limited who they are allowing into their systems more and more right now. We wanted to build direct partnerships with trading institutions to leverage their brokerages but they'd tell us to speak with their whitelisted partners like Plaid or a new (YC backed) incumbent, Snaptrade.

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#145

Post by workworkwork71 »

ghm2199 wrote: post #81

Lets say my strategy from now is: 15% on an ex-US mid cap, 15% US Largecap, 15% ACWI growth, 15% Emerging market growth, 40% in short treasury fixed income. If I already have some ETFs already, can this be used to bucket and calculate what is the current state of the ETFs I hold against the strategy? Can it do that for Mutual funds in like retirement accounts? Context: I want to implement my own portfolio using some…

Hey, going to shamelessly plug here. We do portfolio guidance as an RIA: https://www.fulfilledwealth.co/

Free to try. Shoot us an email if you want a demo.

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#146

Post by lateforwork »

It seems promising, but usability sucks. I can't figure out how to add anything. In the holdings screen there is no add button. In the income screen there is no add button. In the performance screen there is an Add account button. But pressing it opens a search accounts panel. WTF? I was able to add benchmarks, so I can at least see a chart. The chart animations are gratuitous... all it does is make you wait a bit. I the pressed the history icon. Turns out it is the activity screen, not history. Finally I found the Add activity screen. I press Add activity... but in the dialog requires an account and I don't know how to create an account. There are no more screens. At this point I gave up.

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#147

Post by workworkwork71 »

tma wrote: post #115
aerhardt wrote: post #63

This looks great. I've thought about vibe-coding a similar app for a while but this might just do - I could save a ton of work. Others have mentioned in the thread that the lack of account integration might be a problem. Plaid has been mentioned as a potential service, are there other recommendations? If I find time I could try to write a plugin over a few weekends.

https://snaptrade.com/ . (disclaimer: I'm one of the cofounders) We're developer oriented, free to get started, and investment focused.

I'm one of your customers, love the product!

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#148

Post by juliusceasar »

jstummbillig wrote: post #143
danielheath wrote: post #128

Earlier quoted context omitted.

Trusting some random VC-backed SAAS not to sell my data is (to me) as mad as trusting that the tide won't come in - it would be astonishing if they _didn't_ sell my data. My bank has both commercial & cultural reasons not to sell my ID & transaction history. They might still do it anyways, but it's at least plausible that they wouldn't, if only due to the harm to their reputation if it ends up in the papers.

> it would be astonishing if they _didn't_ sell my data. Sell the data to whom?

Financial data is the most valuable data there is. Such a naive question.

Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker

#150

Post by workworkwork71 »

cortesoft wrote: post #124
Klonoar wrote: post #116

Earlier quoted context omitted.

This is one where I don't quite get the angle of hosting locally to preserve privacy. By nature of the economic system, you must interact with 3rd parties, unless you somehow live a life where you can manage to be all crypto or (increasingly harder) cash based. At that point, there is no real benefit to privacy outside of ensuring that whatever institution(s) you work with aren't doing anything odd. I'm open to missi…

Well, one of the benefits is that it won't go away. I used Mint for years, and I LOVED it. Hooked it up to all my accounts, it could track purchases and spending and kept everything up to date automatically. It would remember how I categorized things. Of course, then Intuit decided to get rid of it and force everyone to move to Credit Karma, which doesn't do the same things AT ALL. I don't care about tracking my cred…

Did you find a suitable replacement? What do you use now? I'm interested to hear how big of an sticking point this still is with this a verbose range of options now.
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