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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

#181

Post by jstummbillig »

AmbroseBierce wrote: post #162
juliusceasar wrote: post #148

Earlier quoted context omitted.

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

Yeah I was taken a back as well, "sell gold? To whom??" To the people buying gold, is not reasonable to have to pinpoint who exactly that might be given there is not shortage.

That is because of both of your biases (which is understandable) and me, not specifying why I am asking.

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

If the "who" was answered with "... to Kim Jong Un, glorious leader of the DPRK" you might raise a brow. That is probably not what they meant.

Maybe the author meant "... to the legal buyer of the new company, as part of the content of the company"? Maybe they meant "... to anyone willing to pay a price, legally or illegally"?

I wondered what scenario the author had in mind. It's a reasonable question. To me, the implications are quite different. You might of course disagree.

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

#182

Post by kinnth »

Yeah I need to mirror a few other comments. I would definitely give this a go, but I need plugins that connect automatically to my Broker. In my case IBKR, but the top brokers you would need Schwab, Fidelity, Trading212, Hood.

Without that onboarding the tool becomes a headache and what I already have is good enough. YNAB is also a very good reference of where to go next in the budgeting sense. That has a real use case and also opportunity for solving many users needs.

Good luck I can see it's a great piece of software, but as trading is my fulltime job I have far too many trades and without an auto-importer it wont work for me.

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

#183

Post by workworkwork71 »

technofiend wrote: post #178
workworkwork71 wrote: post #175

Earlier quoted context omitted.

I really don't think you read this article beyond the headline because that's not what it's about or implying...literally in the slightest. That article is about JPMorgan being able to charge Plaid or other providers for the middleman access. They used to be operating almost for free, now Plaid has to pay for access the same way companies like mine pay Plaid.

So you don't think Plaid sells customer data? And by extension charging for customer data requests by Plaid and other aggregators isn't in fact charging for it? Plaid does in fact sell your data, but they ask for permission first. So does JPMC, for that matter: https://media.chase.com/news/chase-launches-chase-media-solu...

So you didn't read the article and now you're just throwing out statements without validation? Great, if JPMorgan is selling your data then that's their decision and that's beyond the scope of this convo. We work with partners (Plaid, Snaptrade) who explicitly state that they DO NOT sell user data, and we maintain the same principles:

https://plaid.com/safety/

Here is the quote if you're too lazy to read this one too:

Does Plaid sell my financial data for advertising or marketing purposes?

No, we do not sell your financial data to third parties for marketing or advertising purposes.

Plaid only shares your data to power the services and products that you choose or to protect you and the Plaid network from fraud.

Plaid was founded on the principle that you have a right to your financial information and we are focused on providing products that allow you to safely and conveniently access your data and harness the power of Plaid’s secure financial network.

As Plaid develops more products and services, you may ask Plaid to share your information in ways that benefit you and that you control.

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

#185

Post by doctorhandshake »

whyleyc wrote: post #133
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…

Have you considered https://tiller.com/ ? They can pull feeds in and refresh automatically but have a big privacy play so that only you get to see your finances (and display and manage it in Excel or Google Sheets).

Big +1 for Tiller after trying several other options including YNAB. Your data in a spreadsheet - go nuts, use our templates, make your own, etc.

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

#187

Post by Yodel0914 »

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 do a similar thing on the investment side. I did play with this app to see if it would give me anything that my spreadsheet doesn’t, but I’m not really seeing it

On the spending/budgeting side, I could see the use of day-to-day tracking. I import my credit card transactions into gnucash weekly - if I didn’t already have a good workflow set up I could see the use of something like this to help keep on top of things.

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

#188

Post by RagnarD »

The idea of privacy and wealth tracking is problematic. Other than a subset of crypto (and only a subset), all of the things being tracked are in some company's database(s), particularly any equity positions or cash accounts. There's nothing particularly private about that, really.

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

#190

Post by bob_theslob646 »

conradev wrote: post #160
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…

>A double-entry bookkeeping computer language that lets you define financial transaction records in a text file, read them in memory, generate a variety of reports from them, and provides a web interface.

Why would someone need this? How do you use this?

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