> I just bought MoneyWell last night and used it to track my income and
> expenses. It works great! It is well-implemented, but I think really
> essential feature is missing. I have investment accounts such as RRSP
> (ie. 401K in USA) and stocks that I would like to track in MoneyWell,
> but I don't think that investment accounts feature as currently
> implemented is very useful.
> The investment accounts now work just like checking accounts. It would
> be a lot better if one could add a financial instrument, its current
> price and the number of units owned. Then as time progresses, the
> current price and number of units owned would change (along with a
> selling/buying price). This would be a lot more useful than tracking
> sales, purchases, capital losses and capital gains as transactions
> because a lot of information would be preserved.
> Are there any plans for implementing investment accounts to behave
> more like an investment account rather than a checking account? If
> not, I'd like to make this a feature request, please.
We have many plans for improved functionality of each account.
Currently the checking, savings, and cash accounts are pretty full-
featured and the credit card account type has some of its planned
functionality but the others are very generic. MoneyWell was designed
to solve cash flow problems so that's why the priority was on
budgeting but it's also important to track loan payments and shift
excess cash into investments so that is happening in the 2.0 phase of
the product.
You'll start to see these added abilities in early 2009. Thanks!
|
