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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

#151

Post by mulmen »

progforlyfe wrote: post #15
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…

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…

> Unfortunately, depending on an open-source tool to do this is a double edged sword if it had these features, because we would be opening the risk of supply-chain attacks -- malicious actors getting commits into the repository code which cause the program to send your data elsewhere -- or worse, deplete accounts' funds.

This is FUD. You’re describing open-commit, which I don’t think anyone does. Open source is not more susceptible to supply chain attacks than closed source software.

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

#152

Post by swiftcoder »

rs999gti wrote: post #124
xyst wrote: post #111

Earlier quoted context omitted.

> 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…

> Plus, if this is hosted, hosting is a variable cost that always goes up,

The site very clearly states that this is a desktop app

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

#153

Post by jsdwarf »

neilv wrote: post #38
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…

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 indirection: checking account > credit card > amazon > it equipment.

Currently testing a new spreadsheet approach to deal with such scenarios, but not easy.

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

#154

Post by fmbb »

ghosty141 wrote: post #145
ryandrake wrote: post #128

Earlier 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…

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

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

#155

Post by bt1a »

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 two programs here, I can't immediately see any big differences. Sorry if this reads like a shallow plug

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

#156

Post by pama »

impostervt wrote: post #48
mindwork wrote: post #37

Earlier quoted context omitted.

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.

Seconded. I used Personal Capital for a while but the links to my accounts broke frequently. Moved to Monarch and paid for it and its way less of a hassle.

[flagged]

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

#157

Post by tomlue »

constantinum wrote: post #139
tomlue wrote: post #45

just want to mention that it's like a few hours to set up some google sheets scripts to set up 90% of this yourself.

Not sure why this is downvoted. I settled with spreadsheets after trying out lots of such trackers. The frustration in your comment, I can feel. A lots of similar comments also reflecting the same about spreadsheets.

I wasn't really trying to be negative about the original post. That last 10% can be super valuable for many people!

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

#160

Post by earnesti »

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?

I don't think it is illegal at all. Banks just don't want to offer such features.
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