Stock Exchange/Conversion

mbclpublic's Avatar


18 Nov, 2016 02:38 AM

Why is there no feature to exchange stocks in Moneydance from one stock to another with no monetary exchange? This is a feature that is sorely missed due to cost base tracking.

  1. 1 Posted by Tom Freeman on 02 Dec, 2016 03:22 PM

    Tom Freeman's Avatar

    I believe the developers feel there is more transparency by treating these as sell at cost basis then buy at cost basis. If an automated feature was created it would basically be doing this behind the scenes.

    Tom Freeman
    Infinite Kind Support

  2. 2 Posted by mbclpublic on 02 Dec, 2016 03:32 PM

    mbclpublic's Avatar

    Thanks for the reply Tom, but doing it behind the scenes would perfectly
    work with how every financial institution does it. Unless you explicitly
    Sell a stock then Buy another stock, rather than an in kind exchange, it is
    shown as one single transaction.

  3. 3 Posted by Tom Freeman on 02 Dec, 2016 03:47 PM

    Tom Freeman's Avatar

    One of the brokers I use shows it as a "shares out" then "shares in" separate transactions. I will put in a feature request ticket.

    Tom Freeman
    Infinite Kind Support

  4. 4 Posted by dwg on 02 Dec, 2016 08:52 PM

    dwg's Avatar


    I believe the developers need to rethink their position on this issue.

    Many company acquisition situations in my country use a stock for stock transaction, and for capital gains purposes you may be deemed to have purchased the new stock at the same time as your old, hence the stock swap is at the original purchases date. There is no sale and no purchase it is a stock swap on a defined basis.

    Under the current situation you would have to divest all of your old stocks at the original dates and price, so lot by lot, and reenter new transactions at the same original dates for the replacement stock lot by lot.

    Computers are supposed to make for less work, this method does not achieve that.


  5. 5 Posted by mbclpublic on 03 Dec, 2016 01:46 PM

    mbclpublic's Avatar

    Thanks for adding that in Des, that is exactly the situation that I am in.
    Had stock exchanged (even though it was a mutual fund) into another stock
    and my cost basis is now all messed up.


  6. 6 Posted by Tom Freeman on 07 Dec, 2016 05:47 PM

    Tom Freeman's Avatar

    I will pass along this feedback.

    Tom Freeman
    Infinite Kind Support

  7. System closed this discussion on 08 Mar, 2017 05:50 PM.

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