« on: May 09, 2018, 07:26:54 AM »
Hello. I'm just getting started with this program. My wife and I have fewer than 20 stable investment instruments, so our financial picture is not extremely complex. Up to this time, I have been relying on monthly and quarterly statements from institutions to make a ball park assessment of our position, and so far, that has been adequate. However, my wife will retire in a bit over a year, and I am less than 2 years away from the age 70-1/2 deadline (already retired,) so I have purchased IAM to allow me to look at a (relatively) current picture of all of our investments simultaneously, instead of doing ad hoc reconstruction from various paper documents. I plan to enter everything manually. My first question is in regard to the merits of entering current values, and updating as I get future statements, versus entering true opening balances, and all of the transactional information on historical periodic statements for each instrument. My thought is that entering everything from day one might show some trends, but I'm uncertain just how valuable that might be. Perhaps a compromise such as entering "as of" starting balance and subsequent transactions for a limited time period might be best. Any advice? Pointers to existing FAQ or papers covering this question are welcome in lieu of repitition. Thanks in advance.