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Posted by JG on November 2, 2006, 11:37 am
Please log in for more thread options So, I'll just leave this as is.
Thanks
For the reply.
Jeff
>
>>I use Schwab when I set up Quicken it said it would go back in history
>>like 60 -90 days I think.
>> It went back 2 years.
>
> Isn't two years of history better than 90 days of history?
>
>> The problem most are bought /sold and fees.
>
> Not sure how this is a problem.
>
>> I did read one post here that said you can delete these placeholders
>> without any effect on your balance.
>
> Can you point to this post?
>
>> Most of these want cost.
>
> You can enter it, if you have it available.
>
>> If I delete them I can watch my balance disappear quicker than 1929
>> crash.
>
> Naturally. A placeholder is an "Adjust Share Balance" transaction. It's
> purpose is to allow you to tell Quicken how many shares you owned on a
> certain date, when you do not have available the actual historical
> transactions that make up that share balance. Without the historical
> transactions, you will never get the data completely accurate, but the
> placeholder allows you to get as close as possible.
>
> If you delete the placeholder, and there are no supporting historical
> transactions in the account, the share balance will change. (The number
> of shares that a placeholder adds to, or subtracts from, an account varies
> depending on how many shares are accounted for in historical transactions
> entered in the account. If you have entered historical transactions that
> account for 100% of the shares owned as of the date of the placeholder,
> deleting the placeholder will not have any effect on the share balance.)
>
>> has this ever been fixed in 06 or 07 ? Is it Schwab or Quicken?
>
> From what you have said; there's nothing to fix and it's neither Quicken
> nor Schwab.
>
> Usually the biggest mistake people make is to accept placeholders when
> they do have the historical transactions available and plan to enter them.
> When you have the history, you should get rid of the placeholder and enter
> the history; when you don't have the history, the placeholder works just
> about as well as any alternative. (You can use Shares Added transactions,
> but I don't see them as much of an improvement over placeholders in that
> situation.)
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
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