[GNC] How to treat managed accounts or funds with fixed price

[rsbrux]

Thanks David.  The reason I wanted to use the Portfolio reports was to show ROI.

 

From: David Carlson <david.carlson.417 at gmail.com> 
Sent: Friday, August 14, 2020 7:42 PM
To: rsbrux <rsbrux at yahoo.com>
Cc: GnuCash List <gnucash-user at lists.gnucash.org>
Subject: Re: [GNC] How to treat managed accounts or funds with fixed price

 

Portfolio reports only show security accounts, not generic asset accounts.  Use a different report to show asset balances.

 

On Fri, Aug 14, 2020, 11:35 AM rsbrux via gnucash-user <gnucash-user at gnucash.org <mailto:gnucash-user at gnucash.org> > wrote:

Based on advice received previously on this list, I have stopped 
following the individual equities in my managed investment accounts and 
instead adjust the total value of the account periodically. The accounts 
are represented in GC as generic "Asset" accounts.

However, at least in GC 2.6.19, this results in the accounts being 
excluded from portfolio reports, even if I check "Include accounts with 
no shares" on the general tab of the report configuration. If I seect 
the managed accounts, they are unselected as soon as I click "Apply".

Do later versions of GC handle this differently, or do I need to find a 
workaround?  IF so, what approach is recommended?

The situation is somewhat similar to investing in funds with a fixed 
share price (such as money market funds, whose price is usually fixed at 
USD 1).  In this case the fluctuation in value is reflected in the 
number of shares.

The advice I have seen on handling money market funds in GC is to simply 
treat money market funds as bank accounts, but this will also prevent 
them from appearing in portfolio reports.

Do I need to create a fictitious equity to represent each managed 
account?  If so, which equity type should I use?

Thanks in advance for any advice.

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