Re: Inconvience

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Posted by Mark on October 17, 2006 at 13:32:07:

In Reply to: Inconvience posted by Jamie on October 17, 2006 at 13:07:17:

: I mentioned this before, but I see it is not a change in v8. When adding a new mutual fund investment, you can only put in price and shares. Ideally, it should be value and shares for mutual funds as with the current system, you incur rounding errors which throws off the cost basis. Granted it is usually just a penny, but since my main purpose of FM is to keep track of my cost basis for taxes, I prefer that the amount be correct. For now, I just go back in and edit the purchase entry. Not a huge deal, but I thought v8 would have been a good chance to address this.

Hi Jamie,

I understand and agree with you. However, there is another reason (you probably do not care about) for requiring the price. All investments in Fund Manager require at least one recorded non-zero price. If the value/shares were the only required inputs, the user wouldn't be required to enter a price, or you would have to be prompted separately for this.

Instead of recording some data here, and modifying it later, you might consider just leaving the shares field empty when creating a new investment. Then, you can record your purchase after creating the investment, using the proper/desired error rounding methods. Leaving the shares empty, or set to 0, is an allowable input, but the price field is required.

Thanks,
Mark
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Fund Manager - Portfolio Management Software

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