A bit OT. Does anybody have any recommendations to consolidate monthly expenses with your partner.
I've done this in gnucash, but i don't know if it would be worthwhile for just that.
Show HN: Wealthfolio: Private, open-source investment tracker
171–180 of 281 posts
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#172Earlier quoted context omitted.
For now only a standard csv file is supported with these columns: Date, Symbol, Quantity, Activity Type, Unit Price, Currency, and Fee. Supported activity types: BUY SELL DIVIDEND INTEREST DEPOSIT WITHDRAWAL TRANSFER_IN TRANSFER_OUT CONVERSION_IN CONVERSION_OUT FEE TAX Example CSV format: date,symbol,quantity,activityType,unitPrice,currency,fee 2024-01-01T15:02:36.329Z,MSFT,1,DIVIDEND,57.5,USD,0 2023-12-15T15:02:36.3…
Seems like this arrangement of columns can't properly support dividends, as 1) there is no change to the held quantity when a dividend is issued, 2) the unit price of the symbol is irrelevant, and 3) there is no column to record the actual amount received. My bank records a quantity of 0 and a dummy unit price of $1. It would be incorrect for the bank to record a non-zero quantity.
Why would that preclude supporting dividends? As you mentioned, unit price and quantity can simply be ignored for those rows.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#173Earlier quoted context omitted.
Any personal accounting software? Quicken, GNUCash, any Plain Text Accounting, etc. I must be missing something in your requirements.
In my experience, gnucash qualified easily as painful. :) Here's an example of what I'm talking about: suppose you and a housemate decide that an equitable split for the electric bill is 65/35 based on usage habits. One person pays the electric bill every month. All of these finance apps will download the transaction, categorize the electric bill for me, and maybe apply a custom tag. But I have to manually calculate…
Part of what you found painful about gnucash is probably that it handles cases like this properly. Not saying it (gnucash) is perfect - far from - but a certain amount of effort is I think a side effect of having both proper accounting practice and configurable account types. Not sure you'll find something really easy that also does it well. In your case different peoples expense accounts would keep a rolling tally and help you figure out what the end of month transaction should be to even things out.
But any tech may be overkill. In a e.g. roommate situation, a paper record per month (plus receipts, if lower trust) works fine.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#174Earlier quoted context omitted.
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 be…
> 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…
Banks in Germany offer access to consumers via the HBCI standard.
Not sure about the rest of the EU.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#175Earlier quoted context omitted.
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…
I use one that has public API, fio.cz in Czechia. There are surely others...
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#176It'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
Agreed- but an app on my own desktop I would be happy to give to, at least instead of a website where they are stored in a database on someone else's box.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#177Parallel to this, are there any good retirement projection planning open source tools? Just yesterday I was thinking of writing something basic for my needs, but if there is something good out there already maybe I don't need to.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#178Earlier 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…
Banks in Germany offer access to consumers via the HBCI standard. Not sure about the rest of the EU.
This sounds illegal and against what GDPR stands for.
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#179Earlier quoted context omitted.
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 be…
> 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…
fio.cz has one - https://www.fio.cz/bank-services/internetbanking-api
Re: Show HN: Wealthfolio: Private, open-source investment tracker
#180Earlier quoted context omitted.
Banks in Germany offer access to consumers via the HBCI standard. Not sure about the rest of the EU.
This sounds illegal and against what GDPR stands for.
Why is accessing your own banking data through a standard against what GDPR stands for? GDPR has a right to data portability.