[Kmymoney-devel] Converting shares
ostroffjh at sbcglobal.net
Mon Dec 9 18:09:17 UTC 2013
On 2013.12.09 12:42, Allan wrote:
> On 09/12/13 14:40, Jack wrote:
>> On 2013.12.04 19:39, Ian Neal wrote:
>>> On 05/12/13 00:06, Allan wrote:
>>>> On 04/12/13 23:32, Ian Neal wrote:
>>>>> Is there currently a way of converting one stock type into
>>>>> another within KMyMoney?
>>>>> The situation is that I have an existing stock holding, lets call
>>>>> it Acme Class 1, and the company has decided to convert these all
>>>>> into Acme Class 2 with a conversion ratio of 1:0.6
>>>>> I cannot see any obvious way of doing apart from adding a sell of
>>>>> Acme Class 1 and a buy of Acme Class 2.
>>>> I've never had to do this myself, but I think this is where you
>>>> would use a split, where you enter the denominator in the quantity
>>>> field, which would take care of the quantity adjustment. However,
>>>> then you have to take care of the change of name.
>>>> I would probably use remove and add rather than sell and buy.
>>>> Whether you do the split before or after, is probably your
>>>> choice. There could possibly even be a case for a third, interim,
>>>> stock, to receive the removed amount, do the split on those, then
>>>> remove those and add to your real second stock. Whether that is
>>>> necessary, or better, or silly, is again your choice.
>>> I think I should probably create a new feature request for this
>> I just opened bug 328575
>> (https://bugs.kde.org/show_bug.cgi?id=328575) as I just had the same
>> issue. For bookkeeping purposes, my broker opened a new account for
>> me, and transferred several stocks to that account from my existing
>> account, although no split was involved.
>>> Might even have a go at programming it, if I ever get the time.
>> What I did in this case was to do a "remove shares" to bring the
>> total to 0. I then duplicated the remove transaction, moved that
>> transaction to the new account, and then changed it to "add shares"
>> so it had exactly the same number of shares.
> That makes four steps, and in Ian's case there is the further step of
> doing the shares split.
> I suspect that Ian is thinking of a single operation. Your idea of
> allowing stock transfers could perhaps be a part of that as long as a
> share split is optionally included.
Just allowing the transfer saves three steps, and leaves a trail that
makes more sense, instead of having to explain it in memos. Stock
split is an existing function. While I suppose it would be nice to
have a single transaction to include both, I suppose it depends how
difficult it would be to implement.
However, reading Ian's original description, I don't see that he needs
to transfer the stock to a different account. It looks like he is
trading X shares of StockA for Y shares of StockB. I can think of it
as selling StockA and buying StockB with the sell/purchase prices
canceling instead of going through a brokerage account. I suppose you
could do the split before or after the conversion - but it seems that
there is separately the need for a transaction to convert shares from
one investment to another investment (whether within the same account
or not) possibly with a multiplier/divider on the number of shares.
Ian - how badly have I mucked up what you actually need?
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