GNUCash is making up prices

[Roland Roberts]

>>>>> "ghaverla" == ghaverla  <ghaverla@freenet.edmonton.ab.ca> writes:

    ghaverla> On Mon, 17 Sep 2001, Linas Vepstas wrote:

    >> On Sun, Sep 16, 2001 at 09:30:41PM -0600, ghaverla@freenet.edmonton.ab.ca was heard to remark:
    >> > 
    >> > Most of the mutual funds I buy, the number of shares is always
    >> > just approximate.  
    >> 
    >> It shouldn't be.  If you bought x number of shares yesterday, but
    >> today they tell you that you have a different number of shares, then
    >> you are being swindled.  If the deal is honest, then the number of
    >> shares is exact and unchanging.

    ghaverla> The number of shares has to be constant, it doesn't have
    ghaverla> to be exact.  It should also be very close to the exact
    ghaverla> value.

I don't believe this is correct.  If the number of shares is not exact
*as reported* then the differences can eventually add up to something
which *does* show up on the report.  If the number of shares is
reported as in the following contrived example, you have a problem:

    Exact Number   Reported Number     Exact         Reported
     of Shares        of Shares     Total Shares  Total Shares
       1.2344           1.234          1.2344         1.234
       1.1123           1.112          2.3467         2.347 ?

But I never see a case in any of my reports where the reported total
shares is not the sum of the reported shares purchased during each
period.

roland
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Roland B. Roberts, PhD                             RL Enterprises
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