Why: "Currency of account should match currency of investm"
Posted: Fri Oct 11, 2013 4:45 pm
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?
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?