diff --git a/kmymoney/wizards/newaccountwizard/kaccountsummarypage.cpp b/kmymoney/wizards/newaccountwizard/kaccountsummarypage.cpp
--- a/kmymoney/wizards/newaccountwizard/kaccountsummarypage.cpp
+++ b/kmymoney/wizards/newaccountwizard/kaccountsummarypage.cpp
@@ -130,7 +130,7 @@
     if (d->m_wizard->d_func()->currency().id() != MyMoneyFile::instance()->baseCurrency().id()) {
         d->ui->m_dataList->append(i18n("Conversion rate: %1", d->m_wizard->conversionRate().rate(QString()).formatMoney(QString(), d->m_wizard->d_func()->currency().pricePrecision())));
       }
-    if (!acc.isLoan() || !d->m_wizard->openingBalance().isZero())
+    if ((!acc.isLoan() && acc.accountType() != Account::Type::Investment) || !d->m_wizard->openingBalance().isZero())
       d->ui->m_dataList->append(i18n("Opening balance: %1", MyMoneyUtils::formatMoney(d->m_wizard->openingBalance(), acc, sec)));
 
     if (!d->m_wizard->d_func()->m_institutionPage->institution().id().isEmpty()) {
@@ -219,5 +219,5 @@
     Q_D(const AccountSummaryPage);
     return d->ui->m_dataList;
   }
-  
+
 }
diff --git a/kmymoney/wizards/newaccountwizard/kaccounttypepage.h b/kmymoney/wizards/newaccountwizard/kaccounttypepage.h
--- a/kmymoney/wizards/newaccountwizard/kaccounttypepage.h
+++ b/kmymoney/wizards/newaccountwizard/kaccounttypepage.h
@@ -58,6 +58,7 @@
     eMyMoney::Account::Type accountType() const;
     MyMoneyAccount parentAccount();
     bool allowsParentAccount() const;
+    bool accountTypeSupportsOpeningBalance(eMyMoney::Account::Type type) const;
     const MyMoneySecurity& currency() const;
 
     void setAccount(const MyMoneyAccount& acc);
diff --git a/kmymoney/wizards/newaccountwizard/kaccounttypepage.cpp b/kmymoney/wizards/newaccountwizard/kaccounttypepage.cpp
--- a/kmymoney/wizards/newaccountwizard/kaccounttypepage.cpp
+++ b/kmymoney/wizards/newaccountwizard/kaccounttypepage.cpp
@@ -110,7 +110,9 @@
   {
     Q_D(AccountTypePage);
     hideShowPages(static_cast<Account::Type>(i));
-    d->ui->m_openingBalance->setDisabled(static_cast<Account::Type>(i) == Account::Type::Equity);
+    const bool enabled = accountTypeSupportsOpeningBalance(static_cast<Account::Type>(i));
+    d->ui->m_openingBalance->setEnabled(enabled);
+    d->ui->m_openingBalanceLabel->setEnabled(enabled);
   }
 
   void AccountTypePage::hideShowPages(Account::Type accountType) const
@@ -223,6 +225,18 @@
     return rc;
   }
 
+  bool AccountTypePage::accountTypeSupportsOpeningBalance(Account::Type type) const
+  {
+    switch(type) {
+      case Account::Type::Equity:
+      case Account::Type::Investment:
+        return false;
+      default:
+        break;
+    }
+    return true;
+  }
+
   Account::Type AccountTypePage::accountType() const
   {
     Q_D(const AccountTypePage);
diff --git a/kmymoney/wizards/newaccountwizard/kaccounttypepage.ui b/kmymoney/wizards/newaccountwizard/kaccounttypepage.ui
--- a/kmymoney/wizards/newaccountwizard/kaccounttypepage.ui
+++ b/kmymoney/wizards/newaccountwizard/kaccounttypepage.ui
@@ -159,7 +159,7 @@
       </widget>
      </item>
      <item row="4" column="0">
-      <widget class="QLabel" name="textLabel1_2">
+      <widget class="QLabel" name="m_openingBalanceLabel">
        <property name="text">
         <string>Opening balance</string>
        </property>
diff --git a/kmymoney/wizards/newaccountwizard/knewaccountwizard.cpp b/kmymoney/wizards/newaccountwizard/knewaccountwizard.cpp
--- a/kmymoney/wizards/newaccountwizard/knewaccountwizard.cpp
+++ b/kmymoney/wizards/newaccountwizard/knewaccountwizard.cpp
@@ -346,8 +346,8 @@
   MyMoneyMoney Wizard::openingBalance() const
   {
     Q_D(const Wizard);
-    // equity accounts don't have an opening balance
-    if (d->m_accountTypePage->accountType() == Account::Type::Equity)
+    // return 0 if account type does not support an opening balance
+    if (!d->m_accountTypePage->accountTypeSupportsOpeningBalance(d->m_accountTypePage->accountType()))
       return MyMoneyMoney();
 
     if (d->m_accountTypePage->accountType() == Account::Type::Loan) {