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Posted by John Pollard on September 3, 2006, 4:37 pm
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> John Pollard wrote:
>> My Fidelity account is a brokerage account, but it only holds
>> two mutual funds, one of them being the mm fund.
> Clarifying my earlier post ... the 2 m/f type accounts that we
> hold (my
> Sep-IRA and my Roth) hold only a single stock mutual fund each
> and
> when I make deposits/purchases in these accounts, the funds go
> directly
> to the equity fund ... so there's no cash AND no MMF in these
> two
> accounts. {and for the curious, they're "regular" investment
> accounts
> in Quicken ... not SMF]
>
> John, it appears that your Fido brokerage account is acting
> exactly the
> same as my brokerage accts were acting before I sold the
> MMF -- within
> Quicken, not in reality -- and just left the funds as cash.
> And what
> you're reporting is that Fido is treating the MMF position as
> if it
> were an interest-bearing cash position.
What I see downloaded is a Dividend transaction naming the mm
mutual fund each month, which I dutifully change to a
Reinvestment transaction. But the holdings that Fidelity
downloads have no balance for the mm fund and no cash balance.
Essentially, they get it all wrong.
> Have you seen any
> inconsistencies in that behavior?
It has been a couple of years since I had any other activity for
the mm fund other than the monthly "reinvestments"; so I can't
remember how the buy/sell transactions were downloaded (I have
them as Buy and Sell transactions in my register, but it
possible that I modified what was downloaded ... or that they
were not even downloaded ... I just can't tell anymore).
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