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- Subject: Investment Addon
- From: Luke <..hidden..>
- Date: Mon, 8 Aug 2011 16:12:22 -0400 (EDT)
Chris and all
We have touched briefly in some development discussion or other, about
being able to handle investments at some point in LSMB.
I am not at the stage of suggesting any direct sponsored work yet, but
mainly in figuring out what level of interest there is for this, and what
factors should be considered if it is undertaken.
In this case, I am specifically talking about stock market related stuff.
Is there any current thinking on how to go about this?
The only way I know how to do it now, is with an asset account, and a lot
of manual figuring. To-wit:
(N.B. I can not over estimate the value of that site in providing detailed
accounting knowledge on all manner of subjects  .)
I can only speak to my specific needs, and the needs of my customers. As
such, I am only more than remotely informed on the cost method, as it is
what we use.
Some method of directly entering positions acquired, costs for
acquisition, adjustments for cost basis and such, would be useful.
The ability to display a list of instruments held currently, and
historically, would also be useful, along with the ability to mark to
market for any of them at any time, with a recording of the date such is
There would be a lot of room for increasing the abilities of this, but the
base idea is to be able to track this stuff to an asset account, without
having to do all of the manual calculating which that currently involves.
It could also be useful to be able to enter simple dividends or interest
through such an interface, although for things like REIT or MLP dividends,
there is usually a level of complexity which would require a journal
entry, or at least some other input method. I.E. such are probably beyond
the scope of the initial version of something like this.
I envision this to be able to track bonds, stocks, and similar instruments
right now. For the purposes of U.S. taxes, options that are transacted
without ever holding the underlying security would be treated like stocks,
so would be enterable as normal items, except that we would have to
consider what fields to make available. Options used that result in
transactions involving the underlying security, usually just effect the
cost basis or sell price of that security, so could be accounted for with
manual adjustments to the security, although we could provide some
facility to add notes about such manual adjustments for tracking purposes.
In general, I just want something to make the lives of people who have to
track this sort of thing easier. It will never be "easy", exactly, and we
can never account for all possibilities, but I am interested in making it