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a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
lateforwork · 25 days ago
It seems promising, but usability sucks. I can't figure out how to add anything. In the holdings screen there is no add button. In the income screen there is no add button. In the performance screen there is an Add account button. But pressing it opens a search accounts panel. WTF? I was able to add benchmarks, so I can at least see a chart. The chart animations are gratuitous... all it does is make you wait a bit. I the pressed the history icon. Turns out it is the activity screen, not history. Finally I found the Add activity screen. I press Add activity... but in the dialog requires an account and I don't know how to create an account. There are no more screens. At this point I gave up.
a-fadil · 25 days ago
You setup , accounts, goals, limits and everything in settings. Then use activity to add your transactions
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
Hnrobert42 · 25 days ago
I downloaded the iOS app. I like the simplicity. I wonder if it could even be a bit simpler.

I currently do a quarterly financial review. I document the balances from all of my accounts.

In addition to buy/sell/deposit/withdrawl, could Wealthfolio have an option to just add a balance. I suppose In the meantime, I'll make do with deposits and withdrawals.

Last, could you make it a little easier to find to donate button? Or possible at all? Now that I have the app open, I can't find where to send a one time payment.

a-fadil · 25 days ago
Yes actually you can just click the edit icon near the account balance in account page to update the cash balance
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
Klonoar · 25 days ago
This is one where I don't quite get the angle of hosting locally to preserve privacy.

By nature of the economic system, you must interact with 3rd parties, unless you somehow live a life where you can manage to be all crypto or (increasingly harder) cash based. At that point, there is no real benefit to privacy outside of ensuring that whatever institution(s) you work with aren't doing anything odd.

I'm open to missing something here.

a-fadil · 25 days ago
It’s more about having the optionality to not be tied to a SaaS provider and trusting them with all your financial data and bank credentials. Having options to:

1– Install a piece of software and run it locally, no subscription, no cloud 2– Have to right to use a nicer app instead of a spreadsheet 3– not hand over your banking creds. Some banks will void your account insurance if you do 4– Reduce your exposure by not putting all your financial data on some startup’s servers.

a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
sakopov · 25 days ago
This looks great and it's nice to see development in this space! However, the "big box" alternatives for this which keep your accounts in sync are really cheap (I think I renewed my annual Quicken Simplify for $40) and, for the most part, "just work." So, I personally wouldn't want to switch to anything self-hosted unless it provided automated syncing. I'd actually be all over this if it did especially having a way to extend things with plugins.
a-fadil · 25 days ago
Yeah, it seems at certain points I need to add automatic syncing. The app already offers a way to extend things using plugins https://wealthfolio.app/addons.
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
niyazpk · 25 days ago
Nice features, and very professional website!

As others have mentioned, adding account integrations will make this much easier to use.

I would also love to hear more of your story, and motivations around this project.

a-fadil · 25 days ago
I actually wrote a manifest about it :) https://wealthfolio.app/blog/wealthfolio-manifesto/
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
notherhack · 25 days ago
I gave the iOS app a spin. 1. It requires at least 2 characters to search for a symbol. What about Verizon (V) or AT&T (T)? 2. I entered a holding for a fund that doesn’t have public quotes by choosing not to look up the symbol and entering the price and purchase date, but then I couldn’t find a way to manually add price quotes for later dates to reflect the change in value.
a-fadil · 25 days ago
You can search by company name. For manual pricing, click on an added manual holding, then there is a tab "Quotes" in the top right to view and edit the prices.
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
tristor · 25 days ago
I liked the concept here, but tried it out and couldn't figure out how to add the very first thing successfully. I set up my employer's 401k as the first account, and went to add the first investment in the account, but it's a mutual fund not an ETF, which means I had to disable symbol lookup. I had a cost-basis, I had a current value, and I had a count of shares, but you only asked for an average cost-basis and count of shares. I had no way to update the current value. When starting out the first entry should have all three of these. I tried to figure out to update this, but the only value adjustment was via providing a spread (open/high), and I couldn't figure out how to use this to get it to an accurate value. Honestly, it would have been better to have cost basis tracking in a more advanced place and started with current value and count of shares, and then simply update current value on a time-basis.
a-fadil · 25 days ago
You can click on the holding, go the Quotes table and add a date, close price
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
bradleyjg · 25 days ago
If there was a sufficiently good import, something deeply customized for at least the top N banks, I think I’d be ok with that workflow. But even Quicken was disappointing on that front.
a-fadil · 25 days ago
The app support mapping profiles. I hope we will have a profile for each major broker.

I'm also experimenting with local llm models to parse files and statement and call the app tools to feed data.

a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
reactordev · 25 days ago
Agreed, they should at least support Plaid to get your account information and pull it in locally.
a-fadil · 25 days ago
Would you actually pay for that as add-on? Plaid isn’t free.
a-fadil commented on Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker   wealthfolio.app/?v=2.0... · Posted by u/a-fadil
ldoughty · 25 days ago
What you describe sounds more like keeping your assets a secret... and if you feel defeated because the government can know, how do you feel about hiring an accountant? Or executing stock trades? You can't keep those activities a secret from those agents working for you. You would probably expect them to keep their privileged information about you _private_ though, right?

And I think that's what the parent post is talking about. Today's companies make you agree to 3 50-page documents which they can update at any time and your continued use after such silent updates constitutes consent.. and at some point they will sell your financial status/well-being to people for profit. So the more you feed them the more of your data that is being easily sold.

We ultimately probably can't stop that, but we can make it more difficult. Many apps like this would take your information and sell it.. having an option that lets you track your own finances without becoming a product is nice.

a-fadil · 25 days ago
Also it’s more about having the optionality. There are tons of cloud-based and connected SaaS trackers out there, but very few local ones. Having options to:

– Install a piece of software and run it locally, no subscription, no cloud – Have to right to use a nicer app instead of a spreadsheet – not hand over your banking creds. Some banks will void your account insurance if you do – Reduce your exposure by not putting all your financial data on some startup’s servers

u/a-fadil

KarmaCake day553September 6, 2024View Original