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Posted by Oilcan on December 15, 2006, 10:20 pm
Please log in for more thread options I have an investment account for "Stock Certificates". When I receive
dividends on these I do a DIVX (Dividend Transfer) and transfer the
dollars to my checking account from my Stock Certificates investment
account. Just one transaction. Never tried transferring to another
investment account.
vcard wrote:
> It may not look like that's what has happened (and you don't need to create
> a 'virtual cash' acct), but that is effectively the result.
>
> Nevertheless, the last two steps can actually be combined into one. Instead
> of doing a separate cash transfer of step 2 below, when you buy the stock in
> acct 'B', use a BoughtX transaction. That is, instead of "use cash from
> this account's balance", click the other option which allows you to enter
> the transfer account 'A' that the cash came from.
>
> vcard
>
> : says...
> : > You've done three things, and you will need a separate transaction for
> each one:
> : >
> : > 1. Stock paid a dividend in cash
> : > 2. Transfer cash to another account.
> : > 3. Buy stock from cash in recipient account.
> : >
> : >
> : OK, thanks, I'm sure that would work but it's not clear from the
> : statements that your three steps occurred. There is no visible 'middle'
> : account. It's just div in fund A paid $ to money market B, say 50 shares
> : at $1 each. Money market acct B isn't exactly cash. Does this info
> : change your recommondation? It's a bit more robust explanation. I'm not
> : eager to create a virtual cash acct to handle this kind of thing, which
> : almost sounds like what I'd have to do per your suggestion.
>
>
>
> --
> Posted via a free Usenet account from http://www.teranews.com
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