Why: "Currency of account should match currency of investm"

[Paul]

I found this forum after I posted the question below on the Acemoney-yahoo-group, so I hope you will allow me to repeat it here:

I need a solution for my investment-account that holds shares in multiple currency denominations. It seems unlogical to me that the program should nag(*) and block investment-transactions for a share that happens to be in another currency in my PORTFOLIO. ((*)Currency of selected account should match currency of the investment!)


I do understand that my actual investment-account can only have transactions in one default currency. However, this does not conflict with having investments in a foreign currency since the bank/broker will always have exchanged the value of a transaction into the default currency of that account. After all the transactions that show on your investment-bank account reflect REALIZED (thus cleared) gains/losses.


The link to the portfolio – which reflects UNREALIZED results, can simply be calculated by downloading the appropriate currency-exchange-rates together with the stock quotes.

The (unrealized) investment result will then be composed of both a currency-exchange result and an investment result. Just like when you make a “real” transaction and your bank/broker exchanges the amount for you.

I really hope this feature can be incorporated into Acemoney soon?

[RLebeau]

Have you submitted a feature request ticket to MechCAD support yet?

[Paul]

I just submitted a ticket. I really hope they can change this soon, as I cannot use the investment functionality the way it is now.

I already have separate programs for asset management, book-collection (library) management and cash-management (Acemoney). I chose them because they're all easy to use, clear and flexible. I hope I do not have to look for another program for stock portfolio management...

I understand there are more people interested in this issue, so if I have news I will post here.

[Paul]

Okay, I just got an answer from support. I was told that my request is forwarded to the development team, however unfortunately I was also told not to expect an answer/solution anytime soon.

Which sadly means that I'll have to move on and look for another solution for stock portfolio management. I simply need the program to be able to manage a multi-currency stock-portfolio (within one investment account).

I will keep using Acemoney for finance/bank-account management - for which I think it's a terrific program. And who knows,.. maybe in one of its future updates I will suddenly find my request implemented? That could be a very good reason to move back.

Thanks & regards,
Paul