[Kmymoney] Question re: investment entries from a new user of KMyMoney
Allan
agander93 at gmail.com
Thu Oct 31 22:53:19 UTC 2013
If I may but in?
Hi Jane
I would seriously consider upgrading to 4.6.x, for two reasons. I
haven't seen any activity on this list for some while from anyone on
version 1.x. You could be the only one! In itself that's not too
important except if you need help in future, you are more likely to get
it from other users on the up-to-date version.
Secondly, although it may not be important to you, version 4.6 has a
plugin for imports of investment files. I use Fidelity in the UK, which
produces CSV files for statements, which the plugin handles. Of
course, this might not be the case in the US.
Oh, I just caught you latest email and can see why you are where you
are. By all means, have a look at Claydoh's PPA. The snag might be
that being on 10.4 might reduce your scope for getting the latest
versions. I've just checked and it looks like it would get you to
4.5.2, which wouldn't have the CSV plugin, unfortunately.
I know what you mean about the trauma of installing a new system, but it
is instead possible to upgrade instead so your personal data is
retained, although backup anyway.
Looking at this site -
http://www.unixmen.com/upgrade-ubuntu-13-04-raring-ubuntu-13-10-saucy-salamander/,
it may be possible for you to follow that path. It doesn't look too
complicated, but I've never done it myself so ... May be better safe
than sorry.
Allan
On 31/10/13 22:01, Jane Hadley wrote:
> On 2013.10.31 16 <tel:2013.10.31%2016>:22, Jane Hadley wrote:
>
> Hello - I am switching from Quicken to KMyMoney. So far it looks as
> if KMyMoney will meet my needs except for this one issue I am having.
>
> Great.
>
>
> I am using KMyMoney 3.5.10 on a Ubuntu 10.04 Gnome desktop.
>
> 3.5.10 is the KDE version, not the KMyMoney version, which is hopefully
> 4.6.x but probably 4.5.x on that version of Ubuntu. 4.6.4 is the
> absolute latest, but was only released very recently. (However, unless
> this turns out to be a bug which is fixed in a later version it
> shouldn't matter.
>
>
> I have several mutual funds with Fidelity. I set up a Fidelity
> account in KMyMoney. Then in the ledger, I did a "Buy Shares" and
> entered the number of shares and the price per share for my
> particular fund, say, Total Market Index. The ledger perfectly
> reflected this.
>
> Did you do this in the Investment account? Did the purchase amount get
> appropriately removed from the Brokerage account?
>
> I did do this in the Investment account. I do not have a Brokerage
> account. I buy the mutual fund directly from Fidelity. For KMyMoney, I
> set up a "Dummy" savings account and use that as the source of funds
> from which to buy investment shares. (I have to do this kind of
> workaround in Quicken too. A lot of times the money for investment
> purchases comes from my husband's checking account and I do not keep his
> checking account in Quicken or KMyMoney. So I use a Dummy account.)
>
>
> That is, for example, it showed 245 shares at $10 a share and a
> total value of $2,450. It shows the "Balance" as being 245, so
> obviously "Balance" is a share balance, not a value balance.
>
> That is correct. Balances in Investment accounts are numbers of shares.
> However, there should be an "Investment Value" at the bottom of the
> ledger, which should show the cash value of the investments. Is that
> showing $245 or $2,450.00?
>
> The investment value at the bottom of the ledger showed everything
> correctly. It showed the number of shares at 245, the price per share at
> $10 and the total value at $2,450.
>
>
> That's OK with me except that when you go to the Asset view or the
> Account view or the Net Worth report, the figures given are the
> share balances (the 245) not the value ($2,450). And they have
> dollar signs in front of them, which is obviously not appropriate
> for a share balance.
>
> I think you are correct that those should really be cash value not share
> counts.
>
>
> The bar at the top of the Account view gives you a choice of tabs:
> Total Value or Total Balance. But both of these show the share
> balance: 245 for this mutual fund.
>
> My account view has tabs for List and Icons. Is this the Account View
> select from the list of icons on the left?
>
> I used the wrong terminology here. The "Total Value" or "Total Balance"
> I referred to are not tabs but table column headers. You are correct
> that the two tabs are List and Icons.
>
>
> The Net Worth also uses the share balance. It shows a checking
> account balance of $1,200, which is correct, but then shows a mutual
> fund balance of $245, which is incorrect. The Total Market Index
> mutual fund balance should be $2,450 for a total net worth of
> $3,650, not $1,445. So obviously I am not getting a valid picture of
> the value of my assets.
>
> This sounds like there is a wrong share value stored someplace. Start
> by going back to the Invesment account ledger and re-checking the
> transaction for correct price-per-share. If that is OK, select
> Tools/Prices... from the menu. Select the fund (you only have the one,
> right?) by entering enough of its name in the search bar so it is the
> only fund showing, then click "Show all stored prices." I believe there
> should only be the purchase price, unless you have added more. Let us
> know if there is anything extra here, such as a price of 1.
>
> I think you hit the nail on the head here, Jack. I have struggled to
> understand the difference between "Account" and "mutual fund." So when I
> first started to use KMyMoney, I was creating accounts for each Fidelity
> mutual fund that I owned. I set the Opening Balance at the total value
> of the fund that I owned. I then saw that KMyMoney had set the number of
> shares to equal the total value and the price per share at 1. So I
> deleted those accounts and set up a new Fidelity Account and then did
> "Buy Shares" transactions in the ledger, which allowed me to set number
> of shares, price per share and get a total value. That seemed to work
> except for this particular issue of showing share balances instead of
> value elsewhere in the program.
>
> I followed your advice and clicked on "Investments" in the side panel.
> Once I got to the Investments page, in the drop-down list toward the top
> left, I selected my Fidelity account and it showed me the Total Market
> Index fund. Interestingly, it gave no price and no total value but only
> the number of shares. So I decided to do an online update to get a share
> price in there. That worked. And now it is all working correctly: the
> Asset and Net Worth views are showing total value instead of share
> balance. Or perhaps, I guess I should say it is showing the correct
> total value -- i.e., one in which the share price is not 1.
>
> It was just strange to me because the ledger page showed a correct
> number of shares, correct price per share, and correct total value, but
> it was not being reflected elsewhere in the program (on the Accounts
> page or Net Worth report).
>
> Since the Opening Balances approach to setting up my mutual funds didn't
> work, I used the "Buy Shares" approach to get my mutual fund balances,
> prices, values into KMyMoney. I've used Quicken for probably 20 years
> with numerous mutual funds during that time. I don't even want to think
> about doing a QIF import, so I'm just giving up on my transaction
> history and starting afresh in KMyMoney. I need to use it, because
> Quicken, of course, requires Windows. I have been running Windows XP in
> a virtual machine on my Ubuntu and that has worked fine, but Microsoft
> will soon cease supporting Windows XP and I just don't want to have to
> go out and pay to install a Windows 7 or certainly not Windows 8 virtual
> machine just so I can run Quicken.
>
> Thank you so much for your help, Jack! I am really impressed with the http://www.unixmen.com/upgrade-ubuntu-13-04-raring-ubuntu-13-10-saucy-salamander/
> quick and helpful response! I will continue on my merry way with KMyMoney!
>
> Jane
>
> Where am I going wrong?
>
> Not sure - but we'll help you figure it out.
>
>
>
>
> Thanks for any help.
>
> You're welcome.
>
>
> On Thu, Oct 31, 2013 at 1:53 PM, Jack <ostroffjh at sbcglobal.net
> <mailto:ostroffjh at sbcglobal.net>> wrote:
>
> On 2013.10.31 16 <tel:2013.10.31%2016>:22, Jane Hadley wrote:
>
> Hello - I am switching from Quicken to KMyMoney. So far it looks
> as if KMyMoney will meet my needs except for this one issue I am
> having.
>
> Great.
>
>
> I am using KMyMoney 3.5.10 on a Ubuntu 10.04 Gnome desktop.
>
> 3.5.10 is the KDE version, not the KMyMoney version, which is
> hopefully 4.6.x but probably 4.5.x on that version of Ubuntu. 4.6.4
> is the absolute latest, but was only released very recently.
> (However, unless this turns out to be a bug which is fixed in a
> later version it shouldn't matter.
>
>
> I have several mutual funds with Fidelity. I set up a Fidelity
> account in KMyMoney. Then in the ledger, I did a "Buy Shares"
> and entered the number of shares and the price per share for my
> particular fund, say, Total Market Index. The ledger perfectly
> reflected this.
>
> Did you do this in the Investment account? Did the purchase amount
> get appropriately removed from the Brokerage account?
>
>
> That is, for example, it showed 245 shares at $10 a share and a
> total value of $2,450. It shows the "Balance" as being 245, so
> obviously "Balance" is a share balance, not a value balance.
>
> That is correct. Balances in Investment accounts are numbers of
> shares. However, there should be an "Investment Value" at the
> bottom of the ledger, which should show the cash value of the
> investments. Is that showing $245 or $2,450.00?
>
>
> That's OK with me except that when you go to the Asset view or
> the Account view or the Net Worth report, the figures given are
> the share balances (the 245) not the value ($2,450). And they
> have dollar signs in front of them, which is obviously not
> appropriate for a share balance.
>
> I think you are correct that those should really be cash value not
> share counts.
>
>
> The bar at the top of the Account view gives you a choice of
> tabs: Total Value or Total Balance. But both of these show the
> share balance: 245 for this mutual fund.
>
> My account view has tabs for List and Icons. Is this the Account
> View select from the list of icons on the left?
>
>
> The Net Worth also uses the share balance. It shows a checking
> account balance of $1,200, which is correct, but then shows a
> mutual fund balance of $245, which is incorrect. The Total
> Market Index mutual fund balance should be $2,450 for a total
> net worth of $3,650, not $1,445. So obviously I am not getting a
> valid picture of the value of my assets.
>
> This sounds like there is a wrong share value stored someplace.
> Start by going back to the Invesment account ledger and
> re-checking the transaction for correct price-per-share. If that is
> OK, select Tools/Prices... from the menu. Select the fund (you only
> have the one, right?) by entering enough of its name in the search
> bar so it is the only fund showing, then click "Show all stored
> prices." I believe there should only be the purchase price, unless
> you have added more. Let us know if there is anything extra here,
> such as a price of 1.
>
>
> Where am I going wrong?
>
> Not sure - but we'll help you figure it out.
>
> Thanks for any help.
>
> You're welcome.
>
> Jack
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