Questions About Investment Accounts

[Derek Atkins]

Hi,

Mark Phillips <mark at phillipsmarketing.biz> writes:

> I want to track the changes in an investment account that I have with a
> broker. I don't want to track individual stocks or transactions, just the
> net end of the month changes. I don't receive any income from this account;
> all the cash it generates stays in the fund.
>
> I got as far as creating the Asset:investment account and an entry in
> Equity:opening balances to set up the account as of 1/113. The statement
> for Jan 31 has these entries
> Beginning Value                xxxxxx
> Additions and Withdrawals         (xx)
> Income                          xxxxx
> Taxes, Fees, and Expenses        0.00
> Change in Investment value      xxxxx
> Ending Value                   xxxxxx
>
> How do I enter these values into gnucash? I don't think I should have an
> expense account for Additions and Withdrawals or an Income account for
> Income, as these transactions never leave this account. I am really just
> interested in see the net change in this account on my balance sheet, and
> not have the expenses and income go through my income statement. Would all
> the offsetting entries be to some equity account? I think I am really
> missing an important concept here.

Yeah, if you want to see the change in value without recording the
income or expense then you need to keep track of your shares and see the
delta-V by changes in price.

> Thanks,
>
> Mark

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available