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