Stocks, Mutual funds and Capital Gains
Daniel
daniel.carrera at zmsl.com
Fri Jun 22 04:13:43 EDT 2007
Hello,
This is related to my earlier thread "trial balance" but I felt it
deserved a new thread. The conclusion of that thread is that the trial
balance failed because I deal in multiple currencies and currency
fluctuations introduce incomes and expenses outside any transactions.
Now I'm thinking: But what about stocks, mutual funds and real estate?
Anything that you trade and experiences capital gains and loses (stocks,
mutual funds, your house, currencies, precious metals), can throw the
trial balance totally out of whack.
All of these things can fit under the umbrella of "capital gains/loses".
Whether the unit is a house, a foreign bank account or a stock, it seems
like you should deal with price fluctuations the same way.
So, now my question: How do you deal with price fluctuations in other
commodities? Can I do the same thing for currencies?
Thanks for the help.
Daniel.
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