Income from Retirement Investments?

[Dennis Craven]

Hi,

I have a question about how to account for the increasing value of long term
investments. I have a fund (a collection of mutual funds) that I'd like to
account for as a single entity. It is a fund which was set up as a
retirement contribution type fund with an employer that I am no longer with.
Every six months, a statement is mailed to me from the investment company
(Great West) with updated values. No more contributions will be made to this
particular fund, and the funds are pretty much unreachable until my
retirement date.

I currently have this fund set up as Assets:Investments:RPP:Great West with
a debit balance. The offset of it's single entry to date is to
Equity:Opening Balances. Basically, I was thinking of making a single entry
every six months when the statement arrives. The entry would debit
(hopefully :)) the asset account representing the fund with an amount that
would make the balance agree with the new statement, but I'm unsure where
the credit entry would be most appropriate.

For the time being, I've created an Income:RPP Income account to put the
offset into, but it seems as though this will inflate my income and
therefore skew my monthly Income Statements as this isn't *really* income
given that the money is essentially useless to me until I reach 65 years of
age.

Something doesn't feel right about this current setup. Any tips out there?

Cheers,
~djc