Tuesday, March 28, 2006

Cost basis in foreign investments

One of perhaps the more annoying issues with Microsoft Money, is when you have investments in a currency which isn't the base currency in the file.

The article: Cost basis in foreign investments, explains an issue where the price will change on a daily basis, because it is recalculated based on the prevailing exchange rate.

IMHO, this could be greatly reduced by remembering the exchange rate at the time of the 'buy' investment transaction, but it's probably a bigger problem than that, as one would need to remember all investment transaction exchange rates, and then do some humongous calculations to get the correct figure out.

However, might be one for lobbying to Microsoft.

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