Initializing brokerage and 401k balances

[Ratnakar Vellanki]

I recently discovered ledger and looking to initialize balances. While this is straightforward for everything else, I could not find examples to initialize brokerage and 401k balances where one holds stocks or other investments.

Could any one point me to examples.

Thanks

[Simon Michael]

Welcome Ratnakar. I think it's much the same as other accounts, you transfer an opening balance from equity. But you may be needing some more details - maybe some of the examples at https://hledger.org/cookbook.html#investing-and-trading or  https://plaintextaccounting.org/Investing-and-trading will help.

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[Ratnakar Vellanki]

Simon,

Thanks for the response.

I have seen these links prior. Lets assume a person has the following balances in a brokerage account 'Brokerage1'

1.Brokerage1 - Several lots of Apple stock totaling 100 units of stock with average cost basis of $10

2. Brokerage1- shares of a mutual fund 'XXX' totaling 50 units with average cost basis of $5

What is the best way to initialize this. I do understand how to record further purchases and sales of these lots from cookbook and manual

Thanks

[Simon Michael]

I would do something like

2024-01-01 opening balances

    equity:start

    ;

    ; Several lots of Apple stock totaling 100 units of stock with average cost basis of $10

    assets:brokerage1:aapl:2022-12-15             20 AAPL @ $8

    assets:brokerage1:aapl:2023-01-20             30 AAPL @ $8

    assets:brokerage1:aapl:2023-09-14             50 AAPL @ $12

    ;

    ; shares of a mutual fund 'XXX' totaling 50 units with average cost basis of $5

    assets:brokerage1:xxx                         50 XXX @ $5

    

(I think people usually track individual lots of stocks, but just average cost of mutual funds.)

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