Create a unified tool for working with investments
Right now, buying or selling stocks or shares of a mutual fund is a terribly complex thing to do, requiring a split transaction. Furthermore, doing this with a 401k is even more difficult, if, say, I wanted to reallocate my investments.
I wish there were a tool to enter the necessary information (what I'm selling and for how much, and how I want to use the funds) and it would then create the transaction for me.
Even more than this, it is difficult to deal with a 401k that is only partially vested. I wish this were more easy to work with and track.
Jon
shared this idea
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Steve
commented
I would think that any tool to enter sale (and purchase for shorts) transactions would have to have a way of dealing with capital gains (at least for accounting, if not for tax). It would be good if various options were availiable (FIFO, LIFO, HIFO selected parcels), but the implimentation would require that cost base already utilised in prior gains/losses is recorded (internally) so that the remaining cost base can be allocated.
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Steve
commented
It would be nice if this included dividends too (with a blank split to share account so they appear on the Advanced Portfolio report under income). It would be even better if you could import or enter a list of dividends as Date, Code, $/share and have the utility enter all the transactions.