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Posted by John Pollard on September 28, 2008, 9:45 am
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Han wrote:
>
>> An annoyance with Quicken comes from downloading transactions
>> involving reinvestment. As an example, I frequently will
>> have two or
>> three transactions that look like
>>
>> Previous cash balance is $0.00
>> 09/20/08 Buy 10 shrs VABD @ 50.00 = $500.00
>> which
>> produces a -$500.00 cash balance
>> 09/20/08 Div $300.00
>> producing a -$200.00 cash balance
>> 09/20/08 LTCapGn $200.00
>> producing a $0.00 cash balance
>
> The sequence here is wrong (IMNSHO).
> You don't buy before you "sell" or get dividends/cap gains.
> You first get the payout, then reinvest, lke you indicate
> under (1).
> If the download puts these things in this order, contact your
> broker
> to correct it (he may have other things on his mind right now,
> so
> don't hold your breath).
> Is it possible that you have your register ordered in a way
> other
> than by date?
>
>> I would rather have one of two things:
>>
>> (1) Order the three transactions as Div, LTCG, Buy and avoid
>> the
>> annoying negative cash balance, or even better
>>
>> (2)
>>
>> 09/20/08 ReinvDiv 6 shrs VABD @ 50.00
>> 09/20/08 ReinvLT 4 shrs VABD @ 50.00
>>
>> How can I accomplish either of these two methods with a
>> minimum of
>> effort (after initial setup)?
>
> I think method (2) disappeared several years ago. At least, I
> seem to
> remember it worked that way at one time, but in reality, the
> dividends
> are paid out, and the proceeds used to buy new stock. Quicken
> should
> follow reality <grin>.
Quicken just takes what the financial institution gives.
--
John Pollard
First initial underscore Last name at mchsi dot com
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