The Grumpy Editor's Guide to Personal Finance Managers, Part 2
Posted Oct 3, 2005 9:15 UTC (Mon) by ekj
In reply to: The Grumpy Editor's Guide to Personal Finance Managers, Part 2
Parent article: The Grumpy Editor's Guide to Personal Finance Managers, Part 2
Agreed. It is an example of exposing to the user the fact that two (from the point of view of the user) separate entities are *implemented* the same way.
From the point of view of Gnucash (or any finance-application) commodities and stock are very similar both:
- You can buy and sell them.
- Prices (and thus value) change over time.
- There can be fees associated with buying or selling them.
- The prices are denoted in some currency, and can frequently be found online.
On the other hand, the two are not identical, even from the POV of the program because:
- Stock can split, or join operations that make no sense for a commodity. 100kg of gold won't spontaneously transform into 200kg of gold at half the price.
- Stock can pay dividended. I don't know that commodities ever do.
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