Stock trades and realized gains/losses

[Herbert Thoma]

Matthew Vanecek schrieb:
> 
> On Fri, 2003-01-10 at 05:18, Herbert Thoma wrote:
> 
> > There are stocks that are listed at more than one exchange. I can buy shares
> > of Siemens in Frankfurt for EUR and sell them in New York for USD.
> > (This is no ADR, it's really dual listing)
> >
> 
> When you buy/sell stocks like that, how do you currently account for
> them?  I.e., how do you deal with the same stock on different exchanges
> in different currencies (looking for current actual practice here)?  How
> would you *like* to account for them?

I said I can (at least my online-broker tells me so), not that I did ...

If I sell some stock in New York, I gess that I would get the amount
in EUR (minus a huge fee) to my cash account.

> My thought was that, for reporting purposes only, accounts of different
> currencies could get converted on the fly to your home currency via an
> exchange rate dialog (or automatic determination via pricedb, maybe).
> Similar to getting up-to-the-minute quotes for current-value
> statements...
> 
> --
> Matthew Vanecek
> perl -e 'print $i=pack(c5,(41*2),sqrt(7056),(unpack(c,H)-2),oct(115),10);'
> ********************************************************************************
> For 93 million miles, there is nothing between the sun and my shadow except me.
> I'm always getting in the way of something...
> 
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-- 
Herbert Thoma
FhG-IIS A, Studio Department
Am Weichselgarten 3, 91058 Erlangen, Germany
Phone: +49-9131-776-323
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email: tma@iis.fhg.de
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