Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker (wealthfolio.app)

Article summary

Wealthfolio 2.0 is an open-source investment tracker that runs locally on devices, allowing users to track their investments, net worth, spending, and budgets. The app offers features such as AI-powered insights, portfolio allocation, and retirement planning. It does not currently support direct integration with online brokers, but allows for CSV imports and manual editing. The developer plans to add direct integration with major brokers in the future.

Main themes

• Personal finance tracking
• Open-source software
• Data privacy
• Investment management
• Financial planning
• Local vs cloud-based solutions

What commenters say

• Some users appreciate the option to run the app locally and keep their financial data private, rather than relying on cloud-based services.
• Others argue that having a local-only solution may not be practical for those with multiple accounts and a need for automated data refreshes.
• The importance of data privacy is debated, with some arguing that it is not feasible to keep financial information completely private, while others see value in reducing exposure to third-party services.
• Some users express frustration with existing financial tracking services that have moved from local to cloud-based models, resulting in loss of features or increased costs.
• The need for standardization in electronic banking APIs is highlighted as a challenge for developers of financial tracking apps.
• The benefits of open-source solutions, such as avoiding vendor lock-in and ensuring continued availability, are noted by some commenters.
• The trade-offs between convenience and privacy are discussed, with some users willing to sacrifice some convenience for increased control over their financial data.
• The potential for local solutions to be more secure and less vulnerable to data breaches is also mentioned.