[GNC] Australian Mutual Funds

[Megan Tilley]

Thanks John - I have moved a step forward, I think:


Open Tools>Security Editor ===> First thing is -- I thought you could only
select the suggest fund (which showed as Stocks to me), not create another
in the Namespace - I created Mutual, so that worked!

New Account information ===> Created the Name, inserted the Code, selected
the Brokerage Account Mutual Fund as the Parent (So that is different to
your 2nd screenshot), Account Type set to Mutual Fund. Clicked OK - message
popped up saying select the commodity.  Screenshot attached. I closed the
message, moved to select the account name, clicked OK, same message popped
up.


I hope you can see my confusion! LOL!

I have read both Chapter 9 and Chapter 11, but thanks for the reminder. My
issue has always been translating financial terms into the terms I have
learned here in Australia (eg 401k --- superannuation fund, etc.)

Thanks, John, eager to learn more!


-- 
Regards,


Megan Tilley
megan.tilley at gmail.com
0409 949 717

-------
"He who laughs last probably made a backup."
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On Sat, 21 Sept 2024 at 12:39, John Ralls <jralls at ceridwen.us> wrote:

> That’s not correct. You can create a commodity for anything you like, and
> BTW you can create any number of namespaces to categorize your commodities.
>
> Yes, “commodity” is an overloaded word in English. To market traders it
> means futures in some physical product: Sow bellies, wheat, steel. In
> GnuCash it means anything that you might account for that isn’t an official
> (meaning recognized by the ISO 4217 committee).
>
> So, you want a namespace “Mutual Fund”? No problem. Open Tools>Security
> Editor. Click the Add button. Fill out the dialog box as shown in the first
> screenshot and click OK. On the Accounts tab click the New button and fill
> out the new account information, selecting either Stock or Mutual Fund for
> the Account Type, then click Select. If the new commodity is the only one
> you’ve got then that will be in the selection dialog as shown in the second
> screenshot.
>
> This is all explained much more thoroughly in Chapter 9 of the Tutorial
> and Concepts Guide:
> https://www.gnucash.org/docs/v5/C/gnucash-guide/chapter_invest.html. See
> Chapter 11 for a thorough discussion of Capital Gains.
>
> Regards,
> John Ralls
>
> On Sep 20, 2024, at 18:52, Megan Tilley <megan.tilley at gmail.com> wrote:
>
> I have done so (created the commodity in Tools>Security Editor) however,
> that process only allows "Stocks" and not a Fund... so - confusion on my
> part.
>
> I have obviously done the creation incorrectly as the 'new' list still
> does not show the additions - snip of Security list and also Account list.
>
> As I indicated - I believe that they should be Mutual Funds...
>
> Commodity in Australia is a classification - a Stock fits in a Commodity
> market place - Manufacturing, Property, etc.. So I think I need to add
> "Property" somewhere.
>
>
> [image: Screenshot 2024-09-20 at 19.28.54.png][image: Screenshot
> 2024-09-20 at 19.30.27.png]
>
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