Investment Question

[David Carlson]

I am not an accountant either, and I do not quite understand your question.

Do you already track your investments in detail in GnuCash and you want to
stop tracking details, just track overall values with periodic (manual)
value updates after monthly reports?  That is the only scenario where I
would suggest "selling" securities in your data file.  I do not think that
you need to delete brokerage or custodial accounts and replace them with
accounts of a different type. Brokerage accounts are already asset
accounts, just under a different top account name.

I think that would work.

David C

On Fri, Jan 12, 2018 at 9:15 AM, Jay Ridgley <jridgley2 at austin.rr.com>
wrote:

> Good Morning,
>
> I AM NOT AN ACCOUNTANT
>
> I have decided that I want to track my investments in USD and let my
> brokerage take care of the details of my holdings.
>
> How would be the best way to make the conversion in GnuCash? Just "sell"
> all my holdings and put the funds in opening balances then adjust the
> amounts in the accounts by transferring funds from opening balances after
> changing the account type to asset or would it be better to delete the
> current investment accounts and start over using a new set of names. I
> favor the former.
>
> This is a sample of what I am dealing with:
>
> IRA
> IRA:Cash
> IRA:Stocks
> several IRA:Stocks:Symbol
> IRA:Funds
> several IRA:Funds:Symbol
> IRA:Bonds
> several IRA:Bonds:Symbol
>
> The result would be the same except the several X:X:Symbol accounts would
> go away. I would update the remaining accounts each month when I receive my
> statement form my broker by debit or credit to the account and the other
> side credit or debit to unrealized gains and loses. If I sell or buy the
> other side would be Cash
>
> Will that cause problems with the way GnuCash works? Is there a better way?
>
> Cheers,
> Jay
> --
> Jay Ridgley
> jridgley2 at austin.rr.com
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