2024-06-02 * "NVDA 10:1 stock split" ""
Assets:Stocks:NVDA -2 NVDA {733.09 USD, 2024-02-14}
Assets:Stocks:NVDA 2*10 NVDA {733.09/10 USD}
You don't realize gains on a split
On Sat, Jun 22, 2024 at 8:42 PM Brian Lalor <bla...@bravo5.org> wrote:
> Like this?
>
> 2024-06-02 * "NVDA 10:1 stock split" ""
> Assets:Stocks:NVDA
> -2 NVDA {733.09 USD, 2024-02-14}
> Assets:Stocks:NVDA
> 20 NVDA {109.633 USD}
>
>
> But that doesn’t balance.
>
> —
> Brian Lalor (he/him)
> bla...@bravo5.org
>
> On Jun 22, 2024, at 8:16 PM, Martin Blais <bl...@furius.ca> wrote:
>
> You bought your NVDA at 733.09 not 1096.33, that's what you have to
> provide in the cost for the -2 leg.
> The docs are correct.
>
>
> On Sat, Jun 22, 2024 at 5:32 PM Brian Lalor <bla...@bravo5.org> wrote:
>
>> I know this has been discussed a few times, but the docs are still
>> incorrect and I’m unable to find a complete example. I’m using beancount
>> v2 because Fava’s not been updated for v3, yet.
>>
>> NVDA recently split 10:1. I previously purchased 2 shares:
>>
>> option "operating_currency" "USD"
>>
>> 2024-02-14 open Equity:Opening-Balances
>> USD
>>
>> 2024-02-14 open Assets:Cash
>> USD
>> 2024-02-14 pad Assets:Cash Equity:Opening-Balances
>>
>> 2024-02-14 open Assets:Stocks:NVDA
>> NVDA
>> 2024-02-14 commodity NVDA
>>
>> 2024-02-14 * "Buying some NVDA" ""
>> Assets:Stocks:NVDA
>> 2.00 NVDA {733.09 USD}
>> Assets:Cash
>>
>> 2024-05-31 balance Assets:Stocks:NVDA
>> 2 NVDA
>> 2024-05-31 balance Assets:Cash
>> 0.00 USD
>>
>> The pre-split stock price (per Yahoo and bean-price) was 1,096.33, and my
>> Fidelity account confirms that I have 20 shares. Per the docs[1], I would
>> do (I think):
>>
>> 2024-06-02 * "NVDA 10:1 stock split" ""
>> Assets:Stocks:NVDA
>> -2 NVDA {1,096.33 USD}
>> Assets:Stocks:NVDA
>> 50 NVDA {109.633 USD}
>>
>> bean-check fails, however:
>>
>> nvidia_split.beancount:24: No position matches
>> "Posting(account='Assets:Stocks:NVDA', units=-2 NVDA,
>> cost=CostSpec(number_per=Decimal('1096.33'), number_total=None,
>> currency='USD', date=None, label=None, merge=False), price=None, flag=None,
>> meta={'filename': 'nvidia_split.beancount', 'lineno': 29})" against balance
>> (2.00 NVDA {733.09 USD, 2024-02-14})
>>
>> Explicitly using the lot in that transaction fails, too:
>>
>> 2024-06-02 * "NVDA 10:1 stock split" ""
>> Assets:Stocks:NVDA -2 NVDA {733.09 USD, 2024-02-14} @ 1096.33 USD
>> Assets:Stocks:NVDA 20 NVDA {109.633 USD}
>>
>> The error is:
>>
>> nvidia_split.beancount:24: Transaction does not balance: (726.4800
>> USD)
>>
>> 2024-06-02 * "NVDA 10:1 stock split" ""
>> Assets:Stocks:NVDA -2.00 NVDA {733.09 USD, 2024-02-14} @ 1096.33 USD
>> Assets:Stocks:NVDA 20 NVDA {109.633 USD, 2024-06-02}
>>
>> So it seems the price of 1096.33 is being ignored and I’m trying to
>> purchase 20 shares at 109.633 USD using 2*733.09 USD and the “gain” of
>> 363.24 USD per share is being lost.
>>
>> What is the proper way to reflect a stock split?
>>
>> Thanks,
>> Brian
>>
>> [1]:
>> https://beancount.github.io/docs/trading_with_beancount.html#stock-splits
>> —
>> Brian Lalor (he/him)
>> bla...@bravo5.org
>>
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>> .
>>
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