Page 1 of 1

Stocks and shares

Posted: Sun Jan 10, 2021 6:50 pm
by didikrm

This is my first post on this forum. I realise that it's not currently very active, but I am hoping that this will help new users how to set up stock portfolios on this amazing app!

I have followed the instruction in the documentation on how to create a stock portfolio and how to add shares to them. However, I needed to create a cash account which is used to purchase those shares and receive dividends or funds when the shares are sold. I think having a cash account is how broker accounts work in that they are used directly to store the funds.

Following this approach means that the shares transactions originate from the broker (cash) account rather than the stock shares (as explained in the guide). So in my example, the "account" would the cash broker account rather than the shares account (see screenshot:

As a result of this, when I click on any shares on the left menu, I see the content of the accounts that link to them rather than the list of purchases, dividends and sale made. I am curious if others use the same approach when reproducing the structure of their broker accounts.

My other question is about how to handle close positions (not just partial but sell all shares from a single company/ETF). At the moment, I create a dummy payee called "Closed positions" and replace all existing actions of purchases/sales/dividend related to that stock into deposits and withdrawals from/to the broker (cash) account, then delete the share account. Again, I am curious to know how other users handle such scenarios.

Thanks in advance for your inputs. Hopefully, this will be helpful for other looking to use MMEx to track their stock investments.

Re: Stocks and shares

Posted: Sun Jan 10, 2021 7:12 pm
by Nikolay

Re: Stocks and shares

Posted: Mon Jan 11, 2021 7:41 pm
by didikrm
Thanks Nikolay. I know that you are working on some great enhancements to the app. I am not a coder, but I can help with the testing when it's ready.

I was just trying to see if and how others use MMEX to actively manage their stock holdings.

Looking forward to v2.

Re: Stocks and shares

Posted: Thu Jan 21, 2021 1:41 pm
by jsantacana
I am very happy with version 1.3.6, so thank you very much.
However I cannot use Investment accounts stocks and shares because they don't work properly.
I can't wait for the new version 2.0 hopping it will work well with Investment accounts.

Re: Stocks and shares

Posted: Fri Jan 22, 2021 5:18 pm
by Nikolay
May this video would help?

Re: Stocks and shares

Posted: Sat Jan 23, 2021 10:48 am
by jsantacana
Thank you so much Nikolay.
I really do appreciate your help. Perhaps I don't know how to work with them.
I am going to follow slowly the steps showed on the video.