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Posted by nospam on May 7, 2007, 7:40 am
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> Don in San Antonio wrote:
>> John Pollard said the following on 5/6/2007 9:00 AM:
>>> Don in San Antonio wrote:
>>>> What's the best way to handle a mutual fund merger?
>>>> Should I use a stock transfer transaction to a new
>>>> account or is there a better or more correct way to
>>>> handle the merger? I'm using Quicken 2005 Premier.
>
>>> Why not a Corporate Acquisition?
>
>> John - Thanks for the suggestion. I gave it a whirl and
>> it created about 50 add transactions, maybe more. I
>> backed out the change reverting to an earlier backup copy
>> of my Quicken account. I think I'll wait a while and see
>> what TIAA-CREF comes up with.
>> Moving shares from one account to another appears to be
>> more common than I first though. There's another recent
>> post about converting from Vanguard 500 to Vanguard 500
>> Admiral shares. Thanks again for the reply to my
>> original post.
>
> I'm not sure why you think that the number of transactions
> generated is somehow a negative.
>
> The reason you got all those Add Shares transactions is because
> that is how Quicken "transfers" the individual lots of the old
> company (one Add Shares of the new security for every lot of the
> old security) to the new company. Quicken usually gets it right
> ... you didn't indicate what, if anything, was wrong with the
> results.
>
> I strongly suspect that TIAA-CREF will not do a better job ...
> I'll be surprised if they come close. [I have an account with
> TIAA-CREF.]
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
>
>
Good answer, John. The recent AT&T/Bellsouth change generated 34
transactions for me, some dated in the 80's at the time of the original AT&T
court ordered split-up. Glad I didn't have to figure it out for myself.
Infernal Revenue Service would just have to come and get me:-}.
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