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Posted by John Pollard on November 7, 2006, 10:34 pm
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> Not sure I understand what you are getting at ?
> With our T.Rowe portfolio -
> each mutual fund @ TRP has an account number
> that is NOT related to any account family or other accounts...
> Therefore - within Quicken, there is no way to point at TRP
> and say download this "family" of accounts.
> Each mutual fund appears in a separate Quicken account,
> and each account has only ONE sub-account for that mutual
> fund.
> I can reset the Quicken field from SMF to MMF,
> but Quicken won't allow me to add a TRP into that account
> as it complains that each TRP account must be unique.
I can say it again, but I'm not sure I can get it any clearer.
I am suggesting that there should be no difference if you
download each mutual fund to a separate Quicken "Brokerage"
account, or if you download each mutual fund to a separate
Quicken "Single Mutual Fund" account.
I am suggesting that I believe the only requirement is that
there be a separate Quicken account for each fund held at the
financial institution ... that the neither the financial
institution, nor Quicken, cares whether the Quicken account type
is "Brokerage" or "Single Mutual Fund".
There is good reason to consider this, as Single Mutual Fund
accounts have significant restrictions on the activities they
will permit. One example: you can not do a Corporate
Acquisition in a Single Mutual Fund account ... and a Corporate
Acquisition is the recommended method for handling certain
mutual fund actions where, say, "B" type fund shares are
"converted" to "A" type fund shares.
There have also been a few strange problems thought to be linked
to Single Mutual Fund accounts - sorry I do not recall them at
the moment; but the net effect of it all is that I, personally,
will never use a Single Mutual Fund account unless I am
absolutely required to do do.
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