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Show HN: Wealthfolio: Private, open-source investment tracker
121–130 of 281 posts
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#122Can you add Linqto support?
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#123On one hand, this looks like awesome work. On the other hand, personally for me I am not sure how it could ever work for me. Right now, I have 20+ money/investment accounts from ~10 different providers and I am tracking it through a provider that uses Yodelee (and maybe other methods too?). Importing all the statements (which every provider stores in different ways in different places) manually would be a pretty big chore. But keeping it up-to-date - without which the whole exercise is kinda useless - is completely infeasible. That even not getting into the question of every provider exporting data in a different format...
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#124> No monetization is planned for now (only a "buy me a coffee" if you use and appreciate the app). A few ideas: Anonymize and aggregate the data, then sell it off to financial and marketing firms. Add ads to the site. Charge a subscription fee. Partner with banks as a white label financial planning tool.
> Anonymize and aggregate the data, then sell it off to financial and marketing firms. Horrible. Goes against the privacy oriented aspect of this app. > Add ads to the site. Oh great, more useless ads I have to block. Nothing like getting a crypto scam ad while viewing your portfolio performance. Horrible UX idea. > Charge a subscription fee. Yet another SaaS, centralization of data, and betrays the privacy oriented…
> Why must you always use the worst ways to monetize? Treat users with respect and you will have life long customers. Not everything needs to be a billion dollar unicorn pumped with VC funds.
They aren't the worst ways to monetize, they are just the ones that work.
> How about this? Just charge one time fee for major versions of the app. Minor and patch versions are free. Keep the privacy oriented aspect and local to users machine.
Unless he is charging a substantial and/or recurring amount, there is no way he will put up with angry customers and enjoy maintaining the software in the long term.
Plus, if this is hosted, hosting is a variable cost that always goes up, so his prices for updates will always be increasing.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#125The tickers from my 401k at Vangaurd aren't supported. VFIAX, VTIAX. Oh well.
Works for me. If the tickers is in Yahoo Finance, it should be supported.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#126How do things remain private if the prices of assets, like stocks, have to be updated?
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#127Earlier quoted context omitted.
My company is an online lender - we use plaid so that users may instantly link their bank account. They have an alternative of verifying with micro-deposits, but that does take 2 days and the company gets less information on the user, so there are more manual verifications the user must do (provide paystub and id etc). Plaid Cons: - The end user must type their bank account credentials into a third party platform tha…
> The end user must type their bank account credentials into a third party platform Huh? I have seen plaid redirect to my banks login and then authentication and subsequent authorization (read access to accounts) in other flow. Then plaid uses provided token to retrieve data. I don’t recall having to pass login credentials to plaid. Maybe that’s a limitation of _your_ bank?
Yes, for banks that have this workflow enabled. In know WF does something like that. But many banks don't, and for these there's not much alternative except getting username/password and scraping. Terrible security, but dragging the banks into 21th century will take a lot of time. Some providers are annoying enough to ban external aggregation completely, seemingly just out of spite. Normally I wouldn't even work with such bank but unfortunately sometimes (like HSA account from work) you don't have a choice.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#128First question from reading through the landing page is about this part: > Import your statements from your broker or bank. Exactly what brokers/banks that are supported should be listed somewhere and linked here, as that's a "make or break" feature for a lot of people I bet. Not much point in replacing my homegrown "Banks CSV export -> Data processing > Import into spreadsheet" workflow unless I just replace that la…
As an avid, daily Quicken user, yes, seamless integration with financial institutions is my #1 requirement. I am not willing to manually navigate a dozen banks' broken UIs to find their "download CSV" option, hope it works, download a bunch of files to my computer, and then hope that they can be imported into my application--and then repeat every day when I update.
I have in the past switched physical banks purely because their integration was either terrible or not working and I refused to go the "download CSV" route.
Unfortunately some banks are starting to drop support for applications directly connecting to them, and moving to an unacceptable model where intermediaries like Intuit's servers have to do the communication and store your credentials. This has been getting noticeably shittier in the last couple of years.
My #2 requirement (a close second) is that the application must be running on my local PC. I will never accept a cloud-based web-app or something I have to host on a VPS and access through some dinky HTML/JS UI.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#129It looks nice, but unfortunately Fidelity's CSV exports don't seem to be particularly cooperative AFAICT, which limits how much I'd be able to use this. Haven't tried my other accounts yet.
It'd be nice if there was an actual standard for this sort of thing (incl. an API for automatically retrieving new transactions), and if banks and brokerages and such could be depended upon to actually use it.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#130First question from reading through the landing page is about this part: > Import your statements from your broker or bank. Exactly what brokers/banks that are supported should be listed somewhere and linked here, as that's a "make or break" feature for a lot of people I bet. Not much point in replacing my homegrown "Banks CSV export -> Data processing > Import into spreadsheet" workflow unless I just replace that la…
That's the core question. This is 99% of the value that any such tool provides.
An open source project that had import flows for all the major banks & brokers into a well-defined unified format? Tremendous impact.
A graphing tool that only imports a standardized CSV? I can do that in my spreadsheet in minutes.