Your Funds Don't Tell You What You Own. Now Your Net Worth Page Does.

Last week the app learned to tell you what to buy next. This week it learned to answer the question sitting underneath that one, which is the harder one: what do you already own?

You hold a world ETF, a pension fund, a flat and a bit of crypto. Ask yourself how much of your money is riding on the American stock market and there is no honest way to get that number off a list of balances. The ETF is sixty-something percent US under the bonnet. The pension fund publishes a factsheet you have never opened. The flat is one hundred percent one street. Adding up the labels on the front of things tells you nothing.

A tile that looks inside the funds

On the net worth page, under the asset-class ring, there is now a card called "What your wealth is exposed to". Three lenses behind a switch, regions, sectors and currencies, and each one looks through your funds and pensions rather than at them. Stocks, ETFs, pensions, property, cash, bonds, metals, crypto, insurance and last week's custom assets all go in.

Click any row and it opens to show what is in there: which holdings put you in that region, and on what basis each one was placed. One row open at a time, because six open accordions is not an answer, it is a filing cabinet. The control at the bottom carves your own country out of its continent. "Europe, 40%" reads differently once you know that 39 of those points are the flat you sleep in.

The sentence across the top of the tile is the part I would actually read. In the German demo it says 39.2% of that person's wealth sits in Germany, mostly a studio flat in Leipzig, and then in the same breath that 51.2% of their stock money is in North America. Both true at once. Neither one visible from a balance sheet.

Have a poke at it without an account in the live demo — the tile sits under the asset-class ring.

One rule I would defend in a pub: nothing is renormalised to make the circle look tidy. In the English demo a third of the wealth cannot be placed, because one fund publishes no regional breakdown at all, and the ring draws that third as a hatched wedge that says so. Spreading it across the parts I do know would have given you a rounder number and a lie.

Crypto got the tax tab

The crypto page now has Profit & taxes next to Overview, the same workflow the stock portfolio already had, deliberately smaller.

Drop an export from Binance, Coinbase, Kraken or Bitstamp into it and it reads the file and fills your lot ledger. When it meets a symbol it cannot identify it hands that row back for you to pick rather than guessing, because a guessed coin is worse than a missing one. Once the lots are in, it estimates what is actually taxable where you live: twenty-four countries modelled, each against its own source. Germany's twelve-month clock and its 1,000 EUR threshold are in there. So is the French 305 EUR proceeds rule.

Calculators that lead with the answer

The free FIRE planner and the mortgage-versus-investing calculator both made you hunt for the one number they exist to produce. The FIRE number was a small pill; the mortgage verdict was a ribbon on the second card, two screens below the box you had typed into. Both now open with the answer: your FIRE number as a figure with the arithmetic under it, and a line naming which choice comes out ahead and by how much, in today's money. Within five percent of each other it says so, rather than crowning a winner on noise.

Money also prints the way you write it now. A Czech visitor was being shown a koruna balance calculated at a US interest rate, which makes a calculator worse than no calculator.

Two smaller ones. A property held in another currency is now converted everywhere it gets summed. And the app can price the BNP Paribas funds Česká spořitelna sells, including the koruna share classes people there actually hold.

What I am on next

Broker imports still cope badly with statements that mix currencies, and that is top of the list. Budgeting is due a proper pass. The Android app is still being built. And dividend tax, which I have now promised in three consecutive posts, so either it ships this week or I stop bringing it up.

The lesson came out of the crypto tax work, and I nearly took the wrong one from it. In seventeen of those countries crypto is taxed exactly like shares, so the crypto rulebook delegates to the share rulebook. Reusing that everywhere would have been less code, and quietly wrong in Germany, where holding a coin for twelve months changes the answer entirely. Five more countries are not modelled at all, and there the tab shows your gains and hides every tax figure behind a line saying so. A shared path that is right most of the time is worse than two separate ones, because the times it is wrong never announce themselves.

I would rather the app tell you it does not know. Next week I would like it to know more.