[GNC] Stock Name Change Best Practices

David T. sunfish62 at yahoo.com
Mon Jul 25 13:23:04 EDT 2022


Thanks John. I appreciate it. 

On July 25, 2022 6:58:12 PM GMT+03:00, john <jralls at ceridwen.us> wrote:
>
>
>> On Jul 25, 2022, at 5:58 AM, David T. via gnucash-user <gnucash-user at gnucash.org> wrote:
>> 
>> Hello, 
>> 
>> I'm seeking advice from the group about the best way to handle a ticker/name change for a held stock. 
>> 
>> For example, Facebook renamed itself Meta a while back, and in June they changed their ticker from FB to META. Naturally, I wish the Gnucash books to reflect these changes; I also want price retrieval to continue to work. 
>> 
>> The simple approach is to edit the account name and the security info and change them to the new name. Facebook, the Gnucash security and the account entries, get changed to META. This approach seemingly works fine; the holdings change in the CoA and retrieval of prices resumes. 
>> 
>> However, something about this feels incomplete. It feels like some information about the holdings gets lost this way. Or am I over thinking this? 
>
>That's what I've always done, so I think that you're over-thinking it. After all, the name change has no material effect on the underlying asset. If it really bugs you you could create a new security and account and transfer the shares. When you get around to selling the stock you'll have to look at the original account to get the basis, but that's not that big a deal; a bigger one might be that it will probably break the Advanced Portfolio Report. I don't use that, but if you do you'll probably prefer to just change the name on the existing security and account.
>
>Regards,
>John Ralls
>


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