Investment accounts no different from checking accounts

[Nimalan Mahendran]

Hello!

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.

Thanks!
--
Nimalan Mahendran

[Kevin Hoctor]

Hi Nimalan,

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!

Peace,

Kevin Hoctor
ke...@nothirst.com
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com