Indrik Software

Examples of wealth organisation

These examples use the recommended organisation when you want to define ownership precisely: owners are defined on supports; the relevant assets and liabilities are linked to those supports. For a simple item that does not require this organisation, the support can remain set to None.

Example 1: simple wealth

To represent a current account, savings account, home, and mortgage:

  1. create the owners in Properties > Owners;
  2. create the supports that correspond to their holding structures and define their owners;
  3. add the current account and link it to its support;
  4. add the savings account and link it to its support;
  5. add the home to the property support;
  6. add the mortgage as a liability and link it to the same property support if it has the same ownership.

The property retains its own value and the liability retains the outstanding principal. Ownership of these items comes from the support.

Example 2: securities account with two ETFs

  1. create the owners;
  2. create a support named Securities account;
  3. assign the owners and their ownership shares to the support;
  4. create one asset for each ETF under Stocks and funds;
  5. link both ETFs to the support;
  6. enter their quantity, price, and currency in the available fields.

The ETFs do not have owners of their own: they use the ownership of the Securities account.

Example 3: securities account owned 50/50

For a support held equally by two people, define the 50/50 allocation once on the support. All assets and liabilities linked to it follow this ownership. If the allocation changes, edit the support rather than each item.

Example 4: wealth in multiple currencies

An account in USD remains recorded in USD even when the wealth file's main currency is EUR. Link it to its support, then enter the USD-to-EUR rate when My Wealth needs it for an overall total.

The same principle applies to goals: their target currency can differ from that of some assets in the scope, provided that the required conversions are available.

Example 5: using the budget with a loan and a goal

The budget can use a liability's monthly payment as an expense and the monthly investment planned by a goal as an investment line. These lines are used for budget projections; they replace neither the liability's outstanding principal nor the assets' current value, and they do not change their links to supports.

See also

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