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

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

#201

Post by dmoy »

mwexler wrote: post #200

I am actually quite frustrated with the state of "Open Banking" access in the US. No matter which tool I use across open source or just something I hack myself (or a spreadsheet), I still have no easy way to get to my banking and investment data. Plaid and other "aggregator/scrapers" are not designed for a single user. Tiller and Lunchapp seem OK, but now I have yet another party involved in the process. Why is there…

SimpleFIN is a layer on top of MX that you can pay $15/yr for.

It's still MX under the hood though so it's maybe not quite as satisfying of a solution? I agree I wish we had better consistent APIs between financial institutions for data access in the US.

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

#202

Post by dw_arthur »

workworkwork71 wrote: post #159
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?

I am only talking about investments. You'll stress yourself out and might make bad decisions if you frequently look at your stock portfolio. Tracking spending isn't a bad idea if you're trying to save or struggling to save.

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

#203

Post by abustamam »

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 went through this rabbit hole. I liked Mint (I know it wasn't private, but I liked it), I tried Personal Capital / Empower because I had a retirement account with them, I tried Monarch. But none of them had the one killer feature I needed — my wife and I both have individual accounts and we also have a joint account for household expenses. I want to track all of those separately.

The I found Tiller[0]. I've been really happy with it so far.

It basically syncs your transactions to a Google sheet you own. It comes with some basic things like budget and auto categorization based on fuzzy string matching, but because it's Google sheets you can play with it and do whatever you want with it.

But the nice thing is that you can dictate which accounts go into which sheet. So I have two sheets — one for household accounts and one for personal. And I don't need a separate subscription, which would have been required if I used any other service I had looked at. I can't remember exactly how much the subscription was, but I don't remember it being unfair.

[0] https://tiller.com/

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

#204

Post by ekhaliul »

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…

self hosted ActualBudget and SimpleFin for fetching data automatically works great for me so far. You can also setup multiple instances and tune them separately if you like.

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

#205

Post by mwambua »

jryio wrote: post #21

For those interested in this type of single entry accounting (and by extension double entry) Here are some other ones I've tried and used in the past: https://copilot.money https://lunchmoney.app https://ynab.com https://beancount.io https://hledger.org

There's also Actual Budget (https://actualbudget.com) which you can self-host.

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

#206

Post by meonkeys »

This is awesome follow-through by @a-fadil / @afadil. Here's a similar post from a year ago: https://news.ycombinator.com/item?id=41465735

In the space of local-first finance apps, I've really enjoyed Actual Budget (as have many, based on what I'm seeing in other comments). I'll check out Wealthfolio but like @dw_arthur I'm concerned about looking at investments too much / too often. I try to invest based on personal experience / value and always go long. I use off-budget accounts in Actual to track investments/illiquid value changes and update them every 6mo-1yr. I'm sure a spreadsheet would work fine for this as well. But for someone who moves investments more frequently, Wealthfolio looks awesome.

For managing my life's data, this golden combination is always going to win: app that works well | full/local control of data | sane FOSS project governance | software license mitigates enshittification (e.g. AGPLv3)

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

#207

Post by iancarroll »

amrawad wrote: post #140
a-fadil wrote: post #13

Earlier quoted context omitted.

Yeah, makes sense. I’ll probably toss in an add-on or optional integration with an account aggregator later, so folks can either opt in or just stick with a local-only setup if they prefer.

Hey Happy to help build an integration with [Lunch Flow]( https://lunchflow.app ), which aggregates multiple open banking providers for global coverage behind a single API.

It’s great that you have coverage across multiple countries. I’ve noticed most budget apps cannot handle multiple currencies at all, much less automated sync across multiple countries.

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

#208

Post by Ronnie76er »

joshstrange wrote: post #39
GoatOfAplomb wrote: post #36

Earlier quoted context omitted.

Typo fix: ynab.com

Clickable link: https://ynab.com I'm a huge fan of You Need A Budget, it was instrumental in giving me control over my finances. It feels like a superpower to see all my money in one place and not care which bank account the dollars actually reside. Also makes it easier to take advantage of various offers (Credit card or things like HYSA) since I know all the records will live in YNAB and I have full control there, e…

Someone else mentioned this up the thread. I am a huge fan of YNAB too, but I just gave Actual Budget a try and I'm hooked. Some things are better and some things worse than YNAB, but it's open source and self-hosted. I'd recommend either.

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

#209

Post by conradev »

bob_theslob646 wrote: post #190
conradev wrote: post #160

Earlier quoted context omitted.

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?

I use it primarily to categorize spending to know things like “how much money did I spend on electronics doodads in the last year”.

The double-entry part is a fanciness for checking that all money in (paychecks) equals all money out (spending, taxes). You can selectively disable it by “padding” balances.

I have it on for my checking account and it catches duplicate postings for transfers between my Venmo and my checking account. I can also put the initial/final balances from the bank statements as “guards” to verify that it all adds up.

This sort of structure is really helpful for a human or language model. You can break the translation work down into subunits with fast correctness checks.

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