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Posted by John Pollard on April 23, 2008, 9:28 am
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usafjayhawk@cox.net wrote:
> I had an IRA fund that consisted of a single mutual fund. At
> one
> point my investment dude sold them all off and bought two
> different
> securities. I created a new account with these two
> securities, and
> zero'ed out the original with sales transactions to the new
> account.
> IN the new account, I established two securities with no
> recollection
> of how I did it.
>
> What I'd like to do, is create the two new securities within
> the
> original IRA account and not have to create a new one, but I
> can't
> figure out how.
Sometimes the wording of a problem can get in the way of the
answer.
"Creating" or "adding" securities securities in Quicken is
basically done via the Security List. Once you "create" a new
security in Quicken ("add" a security to the Quicken Security
List), that security is available to be "acquired" in any
Quicken account ... and it's not limited to a single account;
you can "hold" shares of the same security in multiple Quicken
accounts.
Since you already "acquired" those two new securities in one
Quicken account; you have, by necessity, already added them to
your Quicken Security List.
The only thing you need to do now is to "acquire" them in
whatever Quicken account you choose (and probably "remove" them
from any Quicken account where you do not want to hold them ...
or delete that entire account, if that better reflects your
reality.)
To "acquire" a security in a Quicken account, you can use a
"Buy" transaction, a "Shares Added" transaction, or a "Shares
transferred between accounts" transaction (plus a few others,
probably not pertinent). If you sold shares in one security and
bought shares in two different securities, you want to enter
those same transactions in Quicken. If those transactions
occurred in the same real-world account, you should enter them
in the same Quicken account. If you do that, the cash generated
by the Sell transaction will be used to cover the cost of the
Buy transactions.
--
John Pollard
First initial underscore Last name at mchsi dot com
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