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Posted by John Pollard on May 15, 2008, 8:47 am
Please log in for more thread options C and A wrote:
> "John Pollard" wrote
>> C and A wrote:
>>> Using Quicken 2008 Deluxe. Asset Allocation Reports don't
>>> include
>>> bank accounts. I would like them included as Cash. Is there
>>> a way
>>> to do that? One of my checking accounts is actually a money
>>> market
>>> fund against which I write checks.
>> "Bank accounts" should not be included in asset allocation.
>> Please
>> read up on the concept of asset allocation.
> I think I understand the concept of asset allocation. I want
> to have
> an overall picture of my finances. When I used Excel to track
> my
> allocations using pie charts, I included the money market fund
> in my
> cash because it often contains a large amount of cash and I
> write
> large checks against it. I wanted to have the chart include
> it.
>
> Now I want to do it with Quicken.
>
> Are you saying that even though I use it like a checking
> account, I
> should put under Investments instead of under Cash and Bank
> Accounts?
Basically, yes; though as Bob Wang said, the "checking" account
can be a "Cash Flow" account, and appear in Asset Allocation
reports/graphs, if you have it linked to an investment account
(but you can not link an existing checking account to an
investment account).
Asset Allocation is a concept for maintaining a specified ratio
of assets in various asset classes. Part of the concept
includes switching assets from one class to another when the
ratio's get too far out of kilter from their targets. The
concept doesn't include using your household cash to rebalance
your asset classes, so Quicken excludes such accounts.
Quicken investment accounts allow check writing, so offhand, I
can't think of any reason why an investment account wouldn't
work ... though if your "money market fund" is being used for
everyday household expenses, it doesn't really belong in Asset
Allocation.
--
John Pollard
First initial underscore Last name at mchsi dot com
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