I use monarch, I don't think it is very good as an 'investment tracker' (what wealthfolio claims to be). It's fantastic as a more general personal finance/budget tracker.
For example - I have to reclassify loads of transactions for it to track close to correctly. Say treasuries - purchase at a discount, then at maturity redeem for full amount. You can enter them as buy/sell, but then it wont properly report to cashflow, or give you a good classification as to what type of income that was.
Similar with stocks and short term/long term. It means that even though all the info is there it's not as useful as I'd like for showing total income broken out as types of income to help with tax planning etc.
I still use it so the annoyances are not too extreme, but if there were a tool that did a better job of the investment side I'd switch.
Looking at the wealthfolio features I'm not sure it handles any of that any better though, but it does seem to break out dividend/interest income.
I use monarch and I've been happy enough with it. Would probably consider self-hosting with actual in the future, but I wanted an easy on-ramp for myself to actually get in the habit of budgeting.
adverst|3 months ago
For example - I have to reclassify loads of transactions for it to track close to correctly. Say treasuries - purchase at a discount, then at maturity redeem for full amount. You can enter them as buy/sell, but then it wont properly report to cashflow, or give you a good classification as to what type of income that was.
Similar with stocks and short term/long term. It means that even though all the info is there it's not as useful as I'd like for showing total income broken out as types of income to help with tax planning etc.
I still use it so the annoyances are not too extreme, but if there were a tool that did a better job of the investment side I'd switch.
Looking at the wealthfolio features I'm not sure it handles any of that any better though, but it does seem to break out dividend/interest income.
camel_Snake|3 months ago