Hi Richard. I think I was already going that route --> [image: image.png]
As of now, I have just put all the CHF Cash in that account. As I've added CHF in 5-6 different transactions and in between those I have also converted to USD and bought VT stocks, would I need to zero the "CHF Cash" account, then add each CHF wire transfer transaction individually? And then for each currency conversion I did, create the according transaction between "CHF Cash" and "USD Cash" accounts, after which I would add the VT purchase transactions - right? If I do it like that, I could "hide" the ForEx trading fees by simply adjusting the conversion rate (like if I had converted CHF 1'000.- and I got USD 1'140.- and paid 1 USD fees, I could just "ignore" the fee and adjust the conversion rate so that it gives CHF 1000 --> USD 1140). Would that work? Would this process also work when buying VT stocks? In that case, I buy a fixed amount of VT stocks at the VT price, and I could "hide" the fees by adjusting the stock unit price?! What's not clear to me at this point is: if I will have 1000 VT stocks, where will the actual value be reflected/calculated? Is it depending on manual retrieving the VT quotes via Finance::Quote? Thanks, F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com Am Mo., 21. Okt. 2024 um 19:32 Uhr schrieb R Losey <rlo...@gmail.com>: > Part of this is up to you, and GnuCash is flexible because configurations > can change. > > I assume IBKR is your broker, and you have a single, normal brokerage > account that deals in mutual funds and stocks. > > I would create a brokerage account and note that it is with IBKR; I assume > cash is help somewhere like a sweep account. I cannot tell if you have both > a USD sweep and a CHF sweep; if you do, I'd create a subaccount for each. > Then I'd create an entry in the Security for the VT mutual fund, and create > a subaccount in IBKR something like IBKR-VT that tracks the VT shares you > own. Each buy or sell of VT will be its own transaction, with the funds > coming from the USD sweep. Money you send to IBKR will, I assume, go into > the CHF sweep, and then either manually or automatically, get converted to > USD as you make purchases. > > Dividends are just another transaction; if you are reinvesting dividends, > you'll add the transaction, but the "other" account will be some dividend > income account - for me, I have an "Income:Investment > Income:Taxable:Dividends" account for these things. Dividends that are not > reinvested, will be entered in the sweep fund instead of purchasing more of > the mutual fund, but would still be assigned to the dividend account. > > > > On Sun, Oct 20, 2024 at 7:04 PM Boniforti Flavio <bonifort...@gmail.com> > wrote: > >> Hi all. >> >> I'd like to get some suggestions/guidance and eventually validate if my >> way >> of doing this is correct. >> >> I've put some money into IBKR (CHF) which I then converted into USD to buy >> VT. For the time being, I've just added the transactions in the "CHF Cash" >> account on IBKR, where I now see the actual money I put there. Now there's >> a few questions I can't answer on my own. >> >> As of today there is still some cash left on both CHF and USD accounts >> (peanuts, just to cover currency conversion fees), and the rest is >> invested >> in VT, how should I proceed to enter the various transactions, so that it >> finally reflects the actual status (some CHF Cash, come USD Cash and the >> rest in VT)? >> >> I bought VT like 4 or 5 times, of course at different stock prices. >> >> Should I create a sub-account called "VT" (type "mutual funds"), then add >> each purchase transaction by taking the money from my "USD Cash" account, >> until the balance corresponds to the actual one on IBKR? >> Of course, in advance I would need to add the CHF-to-USD currency >> conversion for each time I bought VT shares. Here I don't know if I should >> add a sub-account related to conversion fees or not. >> >> Last but not least: when I will have set things right (which means having >> the CHF and USD cash accounts showing the actual/real amount and also the >> VT number of shares), will it be enough to update the VT share price >> manually to see how much I do have on IBKR? >> >> And how do I deal with dividends? Should I add another sub-account for the >> dividends? I automatically reinvest dividends in VT - how to deal with >> this? >> >> I know it's a bunch of questions, but maybe some kind soul will be able to >> help me walking through this :-) >> >> Thanks, >> F. >> >> >> https://www.instagram.com/boniforti_music >> https://soundcloud.com/boniforti_music >> https://bonny-j.bandcamp.com >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> > > > -- > _________________________________ > Richard Losey > rlo...@gmail.com > Micah 6:8 >
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