|
Posted by John Pollard on August 2, 2007, 1:06 pm
Please log in for more thread options
Brian Whiting wrote:
> I have an Ameritrade account with a linked checking account.
> For the
> past 5 months or so I used downloaded transactions but turned
> that
> off today since I prefer to enter them manually. My problem
> is that
> for March the downloaded transaction to add interest to the
> money
> market account associated with the investment account had an
> amount
> of zero instead of the actual amount. When I tried to edit
> the
> amount in the cash account Quicken popped up and told me to
> edit the
> linked transaction in the investment account. When I changed
> that
> transaction amount to the true cash amount and number of money
> market
> shares, the companion cash transaction disappeared. I then
> deleted
> the investment account transaction and manually added it. The
> cash
> transaction was not created. How does the cash account work?
> Do I
> have to always add two separate transactions? How do they get
> linked?
The purpose of a linked cash account is to hold *true* cash.
Money market mutual funds may seem like cash, you may think of
them as cash, but they aren't cash.
Only transactions that would add cash to the investment account
or remove cash from the investment account will affect a linked
cash account. A "Buy" transaction will remove cash; a Sell
transaction will generate cash; an "interest" transaction will
generate cash (whether associated with a security or not) ... a
"reinvestment" transaction will not not have any effect on cash.
You can not track a mm fund as a security *and* see its value as
"cash" at the same time; choose one or the other.
--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap