What tool did you use to crete the promo video?
Ghostfolio: Open-source wealth management software
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Re: Ghostfolio: Open-source wealth management software
#62It's a tool which 100% benefits from having a good UX, so not having a single screenshot on the frontpage is not a good sign. I don't count the linked YouTube video as one as it redirects me to YouTube.
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Re: Ghostfolio: Open-source wealth management software
#63For anyone who needs a hosted/paid/slick alternative, there is https://kubera.com
Disclosure - I work at Kubera.
Re: Ghostfolio: Open-source wealth management software
#64For anyone who needs a hosted/paid/slick alternative, there is https://kubera.com Disclosure - I work at Kubera.
Ghostfol.io have a hosted/paid option for 19 USD/year. Is Kubera worth the extra $100+?
Re: Ghostfolio: Open-source wealth management software
#65Re: Ghostfolio: Open-source wealth management software
#66Anybody care to define "wealth management" as opposed to run-of-the-mill personal accounting? Why would I use this instead of ledger[1], for example? - [1]: https://ledger-cli.org/doc/ledger3.html
Can ledger track performance over time (which I assume Ghostfolio can). Does ledger (or the eco-system around) come with integration towards sources which categorize assets, and can it easily give a breakdown of the exposure according to such categorizations (per industry, per region, etc.)?
Yes, no.
Yes, Ledger can do all those things. No, it doesn't do this "out of the box".
I do most of these things. Simple, by adding meta-tags to my ledger. I'm just now working on consolidating on all my willy-nilly scripts and tools. And then plan to turn this into an actual "investment dashboard" ala ghostfolio but using the ledger as source.
In the end, a plain-text-ledger is just a of database. And the ledger query language (e.g. bean-query-language) a way to query it and produce reports.
So, what you are asking is more like "can SQLite categorize assets, give a breakdown of the exposure according to such cats per industry, region etc". Well, sure it can. But it's a bit of a strange question.
Re: Ghostfolio: Open-source wealth management software
#67Anybody care to define "wealth management" as opposed to run-of-the-mill personal accounting? Why would I use this instead of ledger[1], for example? - [1]: https://ledger-cli.org/doc/ledger3.html
If you're using a tool like ledger, I don't think there's much ghostfolio could say to convert you. Seems like comparing apples to oranges. I'm not familiar with ledger, but at a glance, seems like it's made for a different audience with different needs.
In fact, I'm working on something alike Ghostfolio but that uses ledger as database. It's very much early stage and mostly proof of concept and hacked together scripts. But I'm moving it to both "tabula" and "bullboard":
https://github.com/berkes/bullboard-rs https://github.com/berkes/tabula
Again: early. But tabula is my consolidation of random "beancount/ledger" stuff regarding running my small business and startup. And bullboard my consolidation of random "beancount/ledger" stuff regarding everything investment related. The latter is just a CLI tool for now, and barely works. But once the businesslogic is done, I plan to add a web-interface alike ghostfolio to it. A tad simpler, I think, though.
Re: Ghostfolio: Open-source wealth management software
#68The GitHub link is: https://github.com/ghostfolio/ghostfolio The premium hosted edition of this service isn't inspiring confidence if their front page, presumably residing within the same cloud infrastructure, can't handle the HN hug of death. Operational issues aside, I love seeing open source self-hosted breaking into retail wealth management. Right now, it seems everybody I speak to that isn't a professional or in…
Curious to hear what you're looking for from a wealth management product. With banking / brokerage platforms like Alpaca, it's possible to create an open source roboadvisor, but I'm not sure who the market would be. Someone who is interested in algorithmic trading would go directly access the API's, and someone who wants a hands off experience could choose from existing products, or get bundled services from a big ba…
One thing that I would like to see is tax impact analysis though this is naturally very country-specific.
For example I would like to calculate the impact of wash sale or seeing the tax impact for selling from certain lot (in terms of short/long term taxes). And if you did these what would your tax impact look like if you sold things at expected mark growth rate (or certain value you set).
Re: Ghostfolio: Open-source wealth management software
#69I'm flattered to see they have a page advertising it as an alternative to ProjectionLab (disclosure: I made that).
Though I haven't yet seen a part of this tool that makes projections. Did I miss that?
Re: Ghostfolio: Open-source wealth management software
#70Anybody care to define "wealth management" as opposed to run-of-the-mill personal accounting? Why would I use this instead of ledger[1], for example? - [1]: https://ledger-cli.org/doc/ledger3.html
"Real" wealth management has a lot more legal work behind it since a non trivial portion of wealth management are topics like inheritance and planing for the next generation. Also wealth management is more focused on wealth preservation than generating high returns, that is more the focus of asset management (e.g. hedge funds, private equity etc.). But since this piece of software is focused on the individual the term seems applicable even though something like personal finance would be more suitable. For "real" wealth management you hire usually professionals. It has a lot of good and bad sides that a majority of people think that when it comes to finance they can compete on an equal level with experts who do this every day. But if your skilled you surely save a ton of fees.