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

wealthfolio.app

101–110 of 281 posts

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

#101
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…

it's open source... so all of them?

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

#103
post #83

is Plaid inherently bad? Is having an automated way of pulling in real time data worth the security risk of authing into all your bank accounts? Genuinely asking as this seems great in theory, but I'm a bit confused what it looks like to manually keep it updated.

If you call Fidelity with a security issue the first question they ask you is, did you share your password with anyone (and if you did, you're to blame).

that's line of reasoning applies to all banks etc., though they might not ask it as first question

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

#104

> 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.

Did you read OP's words?

> I developed this app for my own needs. Getting tired of SaaS app subscriptions and privacy concerns.

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

#105
post #83

is Plaid inherently bad? Is having an automated way of pulling in real time data worth the security risk of authing into all your bank accounts? Genuinely asking as this seems great in theory, but I'm a bit confused what it looks like to manually keep it updated.

Yes, but the fault lies with the banks who do not allow their own customers access to their data. Plaid, Intuit, and other private companies scrape financial institutions unless they provide more secure methods to obtain customer data, and most of them do not do this.

So the state of the art to connect to banks... is Selenium with stealth modifications.

I own a business which does the same work as Plaid, Intuit, et al.

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

#106
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…

That's what I was wondering. It's a ton of work, but would love the auto importing / screen scraping features that Mint.com had. For a local desktop tool it even has the potential to support every possible service because they can't do IP blocking on end-users (versus the server-to-server model that Mint.com had, caused many services to IP block Mint's servers). Unfortunately, depending on an open-source tool to do t…

only if there were regulations for consumer banking having the bare minimum for application security as is for everything else banks themselves depend on.

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

#107
post #83

is Plaid inherently bad? Is having an automated way of pulling in real time data worth the security risk of authing into all your bank accounts? Genuinely asking as this seems great in theory, but I'm a bit confused what it looks like to manually keep it updated.

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…

I was pleasantly surprised to see a few of the large banks having added OAuth in my recent use of a product that uses Plaid. That said, my local bank is far from it and even a large bank like Discover doesn't offer OAuth yet. I've just decided that I have to enter that data manually for those accounts because I can't give out a password to my bank accounts - it's just absurd to me.

Here's to a continued migration to OAuth by banks, but I'm not holding my breath for it.

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

#109
post #57

Any recommendations for a privacy-focused app that can handle transaction splitting in ways other than 50/50? Or tracking accounts from multiple people in a household? Every app I've tried this is painful or unsupported.

https://www.splitwise.com/

I used to really like Splitwise for group expenses, but they at some point throttled the free accounts to 4 transactions/day, which is painful. Paying a monthly subscription isn't worthwhile if I only use it in bursts a couple times a year, so its back to spreadsheets.

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

#110

> 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.

Did you read OP's words? > I developed this app for my own needs. Getting tired of SaaS app subscriptions and privacy concerns.

well, it won't concern HIS privacy :)
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