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Show HN: Wealthfolio: Private, open-source investment tracker

wealthfolio.app

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Re: Show HN: Wealthfolio: Private, open-source investment tracker

#161

Post by franga2000 »

fmbb wrote: post #154
ghosty141 wrote: post #145

Earlier quoted context omitted.

> I am not willing to manually navigate a dozen banks' broken UIs to find their "download CSV" > 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 You're lucky you don't live in the EU since well then you are straight out of luck since the bank APIs are only available to commercial entities thus the software generally is in the cloud a…

Is it illegal for banks to provide private customers personal API access?

Not that I know of, but I've never seen one that does. And it's not like API access for company accounts is common - what the EU regulation requires, which is the only thing most babks support now, is that anyone can access their own accounts through a licensed account information provider.

Under the "open banking" scheme, not even massive companies can get API access to their own accounts. It only requires banks to give service providers access that allows their customers to essentially OAuth login into those services with their bank accounts. There is no "I just want my own account" API, only the general one.

And becoming a licensed provider is insanely hard because it's assumed you'll be actively managing millions of euros for tens of thousands of customers, when in reality, all you want is read-only access to one or a few affiliated accounts.

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#162

Post by halfdan »

dv_dt wrote: post #89
diggan wrote: post #5

First 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…

An tool (maybe AI) that processes PDF statements and outputs the structured importable positions & transactions would be appealing to me. No live online link to be compromised, or at lease a simpler fetch statement PDF scrape (vs maintain scrape of broker sites).

Portfolio Performance (http://portfolio-performance.app) does just that.

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#163

Post by arez »

aketchum wrote: post #73
klinquist wrote: post #49

Earlier quoted context omitted.

I just assumed it uses Plaid.

unlikely, who would pay the plaid bill here? they dont really have ala cart pricing - you have to create an account with them etc

yep, it would be way too expensive

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#164

Post by dalyons »

mindwork wrote: post #37
Circlecrypto2 wrote: post #13

Man... The loss of Mint has really left a gap in this market.

Once Mint.com has closed I started to dig for alternatives and found Monarch Money. Couldn't be happier to pay for the service. New features come out pretty often, and I believe they work on the better support for tracking investments.

same journey as me. monach is great, very happy with it. What initially sold me on monarch was the cash flow mgmt & visualization. I could never actually get cash flow to work on empower, it gets confused by things like investment transfers and is not overridable enough. Empower in general feels very jank in comparison now.

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#166

Post by jader201 »

rs999gti wrote: post #95

> 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.

I feel like there was an implied /s, but I’m guessing the downvoters disagree.

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#167

Post by balderdash »

insane_dreamer wrote: post #79

It's a beautiful design, and I like the idea of OSS and self-hosted instead of a SaaS, but since it doesn't support direct connections to banks/brokerages (i.e., through Plaid), then it's not really an option for me. I'm not going to go through the trouble of downloading/importing CSVs etc. (too many different accounts). (I currently use Wealthfront for net worth aggregation and Copilot for tracking spending.)

I don’t know - I really don’t like having those credentials in third parties hands - but I just do this stuff quarterly

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#169

Post by ska »

jsdwarf wrote: post #153
neilv wrote: post #38

Earlier quoted context omitted.

I don't know about Wealthfolio, but the import QFX/OFX/CSV/etc. into GnuCash has ways to reconcile that with transactions you've manually recorded/edited, which can be much richer than the bank or CC knows. (GnuCash also has a way to import via network access, but I haven't tried it.) (Example of richness: splitting am Amazon CC charge into the multiple expense accounts for the items that went into the order, and als…

That's exactly my problem. Assigning the purchase of a new computer mouse to the "Expenses:ITEquipment" account? Easy if you purchased the mouse at your local computer store and used your debit card. Just define a text pattern to make any purchase from that store go to the ITEquipment account and run it against the csv from your checkings account. Same purchase from amazon? Difficult, because you have two layers of i…

Isnt' why splits exist though? I've never found that to be onerous, and I did run a small business on it for a while.

Then again I'd never trust rules to do everything right anyway, so I'm reviewing at least once to reconcile.

Re: Show HN: Wealthfolio: Private, open-source investment tracker

#170

Post by maxwelljoslyn »

bt1a wrote: post #155

I am currently working on configuring a similar private, open source portfolio tracker built on top of ledger (a double-entry accounting system). I was drawn to it because of its yml config that I can version control easily If anyone has set up Paisa (successfully or unsuccessfully) and has anything to share, I'd love to hear it. https://paisa.fyi/ https://demo.paisa.fyi/ https://ledger-cli.org/ When comparing the tw…

I used to use Beancount religiously (before some job and health difficulties left me less capable of tracking my finances as closely.) My biggest complaint was always that I didn't have something like autocomplete/syntax highlighting to cut down on the manual-ness of data entry.

Most of the aforementioned difficulties are behind me, and Paisa looks like an awesome way to help ease me back into Beancount. Thank you! I'm going to try it out soon!

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