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Subject Author Date
Re: Phantom "Margin" Entry John Pollard 06-26-2006
Posted by John Pollard on June 26, 2006, 12:39 pm
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> Issue: This concerns an entry appearing in one of my brokerage
> accounts of
> the Online Center/Scottrade/Balances tab. It shows a margin
> entry. I setup
> no margin account at that brokerage and they've confirmed that
> fact.
>
> Detail: After executing my first billing paying session
> through Q2005HB to
> my bank, the Scottrade brokerage account failed to execute.
> though it had
> connected online and updated it's balance for a two week
> period prior to my
> having gotten so brave with electronic bill payment. Examining
> the account
> for the root cause, I discovered an entry for a margin account
> as described
> above. I didn't put it there. I'm more concerned at this point
> in
> understanding the source of that entry than I am on getting
> the account to
> connect properly. I'll simply try reentering the login and PW
> data and if
> that fails, I'll delete the account from the online list and
> reactivate it
> from scratch.

> Q1) Anyone know if there is a feed for the Margin entry on the
> Balances tab
> of any given brokerage in the Online Center section?

I'm not clear if you are reporting that Quicken is showing a
non-zero amount for the Margin amount or whether you are asking
why the line is there at all. There is a Margin line on the
Balances tab for everyone of my Quicken brokerage accounts that
download; but since I don't trade on margin, its value is always
zero. If your Margin value is zero, I doubt that just its
presence is related to any downloading problem you are having.

> Q2) Anyone have an idea of what may have happened here?
> Everything seems to
> have executed properly on the surface with this and one more
> exception; two
> Fidelity accounts got merged. I think I did that by accident
> along the way.
> I need to separate them again which brings me to my last
> question.

> Q3) Any suggestions for removing transactions that got merged
> in error from
> one investment account to another and placing them back into
> the original
> account?

Revert to the backup you made before they got merged?

I can't picture how two Quicken accounts got merged; maybe if I
could it would help me think of a better answer.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by jaygreg on June 26, 2006, 1:51 pm
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 The Margin line shows $145,350.19. I have no Margin account. I thought,
perhaps, the line could feed to there under certain conditions other than
the user placing it on the line.

As for the BU... I may have to do that but it will have to come from a Zip
drive that may not have been updated for several weeks. The program's backup
is not reliable; my main computer was hit with a virus right after I had my
very first online bill paying session. That complicates matters.

As for the two accounts merging, it may have occurred when I was attempting
to place one Online through the setup wizard. I have to look deeper into
this. But anticipating that I'll not be able to pinpoint the root cause,
I'll need to remove each of the entries that were in the Fidelity brokerage
(fortunately not many transactions) and place them back into it. What
appears to have happened, is that I selected the Fidelity account to place
on line and when I executed my bill-paying session, it moved the
transactions from Fidelity into an investment account called STOCKS (those
for which I hold certicificates in a safety deposit box) then whipped out
the Fidelity account all together. I can't find a trace of it. The numbers
appear OK but the transactions got moved. But... when I look at the STOCKS
account through the edit window, I find it listed as a Fidelity Investments
institution... which it isn't.

I also noted that when I highlight a transaction in STOCKS and go to the
EDIT/TRANSACTIONS tab, the "Move Transactions" option is not available; it's
greyed out. That appears to be the case for every account that was formerly
listed as a BANK or ASSET account and subsequently moved into the INVESTMENT
category. I remember you telling me many investment accounts had banking
provisions so moving them into the Investment category would be permissible.
I never examined the results closely after I made that move. Perhaps the
"Move Transaction" function wasn't available immediately after that
transfer/move. In any event, I've got to move some transactions out of
STOCKS, change the status of STOCKS to something other than a Fidelity
Institution affiliate, and find or recreate at Fidelity Brokerage account.


>
> > Issue: This concerns an entry appearing in one of my brokerage
> > accounts of
> > the Online Center/Scottrade/Balances tab. It shows a margin
> > entry. I setup
> > no margin account at that brokerage and they've confirmed that
> > fact.
> >
> > Detail: After executing my first billing paying session
> > through Q2005HB to
> > my bank, the Scottrade brokerage account failed to execute.
> > though it had
> > connected online and updated it's balance for a two week
> > period prior to my
> > having gotten so brave with electronic bill payment. Examining
> > the account
> > for the root cause, I discovered an entry for a margin account
> > as described
> > above. I didn't put it there. I'm more concerned at this point
> > in
> > understanding the source of that entry than I am on getting
> > the account to
> > connect properly. I'll simply try reentering the login and PW
> > data and if
> > that fails, I'll delete the account from the online list and
> > reactivate it
> > from scratch.
>
> > Q1) Anyone know if there is a feed for the Margin entry on the
> > Balances tab
> > of any given brokerage in the Online Center section?
>
> I'm not clear if you are reporting that Quicken is showing a
> non-zero amount for the Margin amount or whether you are asking
> why the line is there at all. There is a Margin line on the
> Balances tab for everyone of my Quicken brokerage accounts that
> download; but since I don't trade on margin, its value is always
> zero. If your Margin value is zero, I doubt that just its
> presence is related to any downloading problem you are having.
>
> > Q2) Anyone have an idea of what may have happened here?
> > Everything seems to
> > have executed properly on the surface with this and one more
> > exception; two
> > Fidelity accounts got merged. I think I did that by accident
> > along the way.
> > I need to separate them again which brings me to my last
> > question.
>
> > Q3) Any suggestions for removing transactions that got merged
> > in error from
> > one investment account to another and placing them back into
> > the original
> > account?
>
> Revert to the backup you made before they got merged?
>
> I can't picture how two Quicken accounts got merged; maybe if I
> could it would help me think of a better answer.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
>



Posted by John Pollard on June 26, 2006, 2:40 pm
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> The Margin line shows $145,350.19. I have no Margin account. I
> thought,
> perhaps, the line could feed to there under certain conditions
> other than
> the user placing it on the line.

I think you have no control over whether there is a Margin line
on the balances tab, and no control over the value reported
there: I believe all the info on that tab comes in the download.

If you can do a Web Connect download from the fi, it might be
worth perusing the QFX file to see what the fi is sending for
the Margin value.

> As for the BU... I may have to do that but it will have to
> come from a Zip
> drive that may not have been updated for several weeks. The
> program's backup
> is not reliable; my main computer was hit with a virus right
> after I had my
> very first online bill paying session. That complicates
> matters.

> As for the two accounts merging, it may have occurred when I
> was attempting
> to place one Online through the setup wizard. I have to look
> deeper into
> this. But anticipating that I'll not be able to pinpoint the
> root cause,
> I'll need to remove each of the entries that were in the
> Fidelity brokerage
> (fortunately not many transactions) and place them back into
> it. What
> appears to have happened, is that I selected the Fidelity
> account to place
> on line and when I executed my bill-paying session, it moved
> the
> transactions from Fidelity into an investment account called
> STOCKS (those
> for which I hold certicificates in a safety deposit box) then
> whipped out
> the Fidelity account all together. I can't find a trace of it.
> The numbers
> appear OK but the transactions got moved. But... when I look
> at the STOCKS
> account through the edit window, I find it listed as a
> Fidelity Investments
> institution... which it isn't.

It's sounding to me like you may have some corruption problems.
You could try a Validate on a Quicken "Copy" of your data.

> I also noted that when I highlight a transaction in STOCKS and
> go to the
> EDIT/TRANSACTIONS tab, the "Move Transactions" option is not
> available; it's
> greyed out. That appears to be the case for every account that
> was formerly
> listed as a BANK or ASSET account and subsequently moved into
> the INVESTMENT
> category.

"Move transaction" is not available for true Investment
accounts; but if I change the group of a checking account to
"Investing", it still retains the ability to "Move transaction"
(Q2005 Deluxe R3).

> I remember you telling me many investment accounts had banking
> provisions so moving them into the Investment category would
> be permissible.

I don't remember saying anything quite like that, but then my
memory is not all that good anymore. :)

Investment accounts in newer versions of Quicken do have banking
capabilities, including check writing, but I'm not sure how that
affects regrouping a non-investment account into the "Investing"
group.

(I can tell you that I just discovered that if you do move a
non-investment account into the "Investing" group, you will not
be able to print an Investment Transaction report.)

> I never examined the results closely after I made that move.
> Perhaps the
> "Move Transaction" function wasn't available immediately after
> that
> transfer/move. In any event, I've got to move some
> transactions out of
> STOCKS, change the status of STOCKS to something other than a
> Fidelity
> Institution affiliate, and find or recreate at Fidelity
> Brokerage account.

I'd still be looking for backups at this point.

But if push comes to shove, you can export to qif, and import
from qif. You may be able to select transactions to export
based on date, you may have to do some deleting of transactions
from the qif file, you may want to export to two qif files, or
split one qif file into two, you may even find it useful to use
an old backup to export transactions from its accounts; but you
can probably "move" your transactions that way.

Here are some instructions for importing non-cash account
transactions via qif in Quicken versions later than Q2004.

http://tinyurl.com/f5rao

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



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