Keeping Track of Investments

  • 2
  • Idea
  • Updated 3 years ago
  • Not Planned
Since large portions of my income go towards investment accounts, I think it would be a major step forward if Goodbudget could "sync up" with my brokerage / Roth IRA / etc. other accounts. Obviously funds like my Roth IRA are technically not "unallocated" since I technically shouldn't allocate these even in emergencies... Has there been thought given towards doing something like this?
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Allen Chen

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Posted 3 years ago

  • 2
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Karisa Russell, Official Rep

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Hi Allen, 

Good question! I can't recall your specific request ever being suggested before, so it's definitely not something that's on our radar at this point. But, I'll add it to our request features tracker for future consideration. 

Can you explain more about how you'd imagine a feature like this working? 

Thanks!
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Allen Chen

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Thanks for the response!

Here was what I was thinking. Since the account to account transfer exists, my brokerage account or Roth IRA would simply be another account. However, since Roth IRA is not touched until we retire, we can simply make transfers to this account but not count it as unallocated. Instead it can be some sort of savings account. The difference would be that it would need to communicate with the servers of the banks and/or investing firm such that anything you do on those servers can automatically be tracked on goodbudget. Besides any privacy issues that can be signed off beforehand, I don't see any big problems with these investment firms or banks to disagree to the idea... As long as it helps them drum up revenue.

The same idea would apply to my brokerage account. Except in this case, it WOULD count as unallocated funds.

The main idea is to reduce the amount of manual re-entry of account value every month, day, or minute. This would serve as a powerful reminder of how much actual money we have in our life, not just the amount that's in our bank accounts.

There are probably other things that I didn't think of... Please feel free to reply with questions thoughts or concerns! I love the app and hope to see it grow. I believe it's important for people to be financially responsible!
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Karisa Russell, Official Rep

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Hi Allen, 

Thanks for the extra details! I've included this to the note I made for your feature request. 

Thanks again