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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

#151

Post by nodesocket »

paxys wrote: post #40

> Wealthfolio does not currently support integration with online brokers or aggregators. Data must be imported from CSV files or by manually entering transactions. This is unfortunately going to be the deal breaker for wide adoption. Self hosting is great, but manually importing data from dozens of accounts every day and entering every single transaction as you make it is simply too much of a burden.

Unfortunately ETRADE for example does not make exporting all transaction easy. Last time I looked at their API it involved manually authing via a http flow signing into your ETRADE account to get a temporary token that expires. Not exactly a flow that can be used for long polling account activity.

I haven't researched much on Robinhood or Coinbase but I suspect they have much better APIs. That's an idea where a plugin system would be awesome, something like Plaid but for brokerages and Crypto exchanges only.

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

#152

Post by ioblomov »

a-fadil wrote: post #50
bradleyjg wrote: post #44

Earlier quoted context omitted.

If there was a sufficiently good import, something deeply customized for at least the top N banks, I think I’d be ok with that workflow. But even Quicken was disappointing on that front.

The app support mapping profiles. I hope we will have a profile for each major broker. I'm also experimenting with local llm models to parse files and statement and call the app tools to feed data.

This doesn't appear to be documented...

https://www.google.com/search?q=site%3Awealthfolio.app+map+p...

Would be happy to contribute profiles.

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

#153

Post by tecoholic »

dw_arthur wrote: post #149

I update a spreadsheet twice a year which takes about 15 minutes. Tracking investments day to day isn't healthy imo.

I agree, generally. But there is always a bit of a nuance when it comes to personal finance. I have gone through the full cycle, I started off with logging every single transaction, then syncing everything and tracking monthly cash flow, investment dashboards and then to yearly syncs and now I barely think about it.

What happened was I slowly built an awareness of how things are going, where my spending and savings are and internalised a few things. For example, as a contractor I responsible for my taxes, so 30% of my invoice goes into a savings account as soon as I get paid. But, that wouldn’t have happened right away for me, if I have never done the monthly cash flow.

I think everyone goes through this journey. Because I often see people super into accounting for a couple of years and then completely abandon it later in life. Looking at it daily in early stages help get a feel and set expectations for the long term. Some people get sidetracked here and the phrase “Beat the market” grates on me for that reason.

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

#154

Post by Klonoar »

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 trust that the VC-Backed SaaS will be beholden to not wanting to get cut off from the bank(s), meaning not selling that data. If they sell aggregate anonymized transaction data, I'm also not sure I give a shit.

At a certain point paranoia gives way to practicality.

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

#155

Post by Klonoar »

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…

This is, as far as I can tell, the only real applicable reason to run a self hosted tracker like this that anybody has put forward. Kudos.

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

#157

Post by a-fadil »

Hnrobert42 wrote: post #122

I downloaded the iOS app. I like the simplicity. I wonder if it could even be a bit simpler. I currently do a quarterly financial review. I document the balances from all of my accounts. In addition to buy/sell/deposit/withdrawl, could Wealthfolio have an option to just add a balance. I suppose In the meantime, I'll make do with deposits and withdrawals. Last, could you make it a little easier to find to donate butto…

Yes actually you can just click the edit icon near the account balance in account page to update the cash balance

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

#158

Post by a-fadil »

lateforwork wrote: post #146

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…

You setup , accounts, goals, limits and everything in settings. Then use activity to add your transactions

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

#159

Post by workworkwork71 »

dw_arthur wrote: post #149

I update a spreadsheet twice a year which takes about 15 minutes. Tracking investments day to day isn't healthy imo.

That's kind of just a brag about being wealthy though, isn't it? For many people who are trying to get escape velocity to being financially secure, tracking spending + investments is a necessary reality.

No one is saying it's healthy but if you have debt, can't save or don't have investments on track to meet your future needs then what's more unhealthy, monitoring or lower living standards?

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

#160

Post by conradev »

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 manage all of my finances with Beancount (https://github.com/beancount/beancount). It has a native document store and I primarily use it to archive all of my statements to share with my accountants via Fava (https://github.com/beancount/fava). It’s not pretty, but it’s all in one (local) git repo.

Language models are great at turning those statements into Beancount postings and fixing errors, but the local ones not so much yet.

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