I liked the concept here, but tried it out and couldn't figure out how to add the very first thing successfully. I set up my employer's 401k as the first account, and went to add the first investment in the account, but it's a mutual fund not an ETF, which means I had to disable symbol lookup. I had a cost-basis, I had a current value, and I had a count of shares, but you only asked for an average cost-basis and count of shares. I had no way to update the current value. When starting out the first entry should have all three of these. I tried to figure out to update this, but the only value adjustment was via providing a spread (open/high), and I couldn't figure out how to use this to get it to an accurate value. Honestly, it would have been better to have cost basis tracking in a more advanced place and started with current value and count of shares, and then simply update current value on a time-basis.
Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
51–60 of 228 posts
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#52> 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.
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.
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 has been dropping "direct connect" support and coercing their users to go the middleman route.
I, too, have been looking for an alternative to Quicken, but: 1. I don't want to have to go to each bank's crappy web site and download a crappy CSV to import, and 2. I also don't want the software developer inserting itself into what should be a data transfer between me and my bank.
The Holy Grail personal finance software would 1. be free and open source, 2. download data directly from financial institutions without CSVs or a middleman and 3. store the data in an open format like sqlite that I can query and manipulate outside of the application.
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#53Earlier quoted context omitted.
Agreed, they should at least support Plaid to get your account information and pull it in locally.
Would you actually pay for that as add-on? Plaid isn’t free.
Self-hosted doesn't have to mean free. I think an option to enable syncing with your own Plaid key (that you manage and pay for yourself) would be great.
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#54Awesome. I have been meaning to give this a try so this is a great nudge.
Given the permissions you expose, it looks like it is possible to write a plugin to get account activities from something like Plaid so I don't need to keep importing - am I understanding correctly?
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#55Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#56I 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).
ActualBudget is a pretty great YNAB alternative that is free and locally hosted.
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#57I 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…
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Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#58For 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
But why one or the other? Don't get me wrong, I appreciate a curated list of suggestions, but it would really be useful to have some tips or comments on the experience of each one, their shortcomings or advantages. Otherwise, it's not much better than just checking out a list of names from Google :)
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#59I 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).
sort of different but I built https://paperright.xyz budgeting app to address some of my frustration with budgeting apps, bank connections, ease of use, privacy, etc. It doesn't connect to your bank or take any info other than your email (+stripe if you sign up for pro). I built it because i needed a budgeting app for my brain. Also research shows AI/automated financial management doesnt work you need to manually track things to really understand whats going on.
Re: Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
#60> 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.
Maybe the license structure could allow for proprietary extensions. I don't think there would be many people willing to put the work of writing many deep and good quality integrations with banks for free.