Serious Investment Management with Gnucash

[Andrew Gross]

Alton, you are able to keep up with creating accounts on a regular basis
without consuming "too much" time?  I am trying to understand the benefits
of using such a manual system.

Thanks,
AEG

Andrew Gross
917 750 6981

On Thu, Apr 20, 2017 at 11:40 PM, Alton Brantley <alton.brantley at gmail.com>
wrote:

> You are correct.
> In my structure, where I listed an "OpenPosition 1”, that item is
> replicated for each security or mutual fund that you have an open position
> in.
> So, my structure looks like this:
> —1.Stocks (Asset-Placeholder)
> ——Apple Corp (Stock)  -repeated for each stock with open position
> ——Cisco Corp (Stock)
> ——Oracle Corp(Stock)
> —2.Fixed Income (Asset-Placeholder)
> ——OpenPosition 1(Asset type)
> —3.Options (Asset-Placeholder)
> ——OpenPosition1(Asset type)
> —4.OtherInvestments (Asset-Placeholder)
> ——OpenPosition1 (Asset type)
>
> and, similarly under the categorized Income-Dividends, Income-Interest,
>  and Capital Gains and NonTaxableIncome and NonTaxableCapitalGains
> While you could create an expense account for the commissions, you reverse
> those out when you close a position by reducing the capital gains by the
> commissions.
> By making the Commissions a prepaid expense asset, I can group it in my
> overall Investment structure, rather than as a distinct expense somewhere
> else.
>
> My structure has the multiple different accounts, but I have grouped them
> for efficient access and automatic completion when I’m entering the data.
>
> by typing “1.:1:A” I quickly get to Investment account 1:1.Stocks:Apple”
> or by typing “Div:1.:A” I get through autocompletion “Dividends:1.Account
> name 1:Apple” which is the income account for Apple.
>
> At the end of the calendar year, Dividends:1.Accountname 1:Apple” has all
> the dividends in Accountname 1 from Apple, which I can verify with my
> broker’s year-end summare
>
> On Apr 20, 2017, at 11:21 PM, Andrew Gross <aegross at gmail.com> wrote:
>
>
> On Thu, Apr 20, 2017 at 1:46 PM, Alton Brantley <alton.brantley at gmail.com>
> wrote:
>
>> I manage about 10 investment accounts with 5-6 figure balances. I
>>
>
> So I have a very fundamental misunderstanding.   My reading of
> file://localhost/Applications/Gnucash/Gnucash.app/
> Contents/Resources/en.lproj/Gnucash%20Guide/invest_accounts1.html is that
> I am supposed to setup multiple accounts for each stock/instrument I own.
> Each issue should have its own gains, dividend, and expense account....
>
> Regards,
> Andrew Gross
>
>
>
>
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