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Posted by Bob L. on December 9, 2006, 12:47 pm
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* Barbara L wrote:
> Using Quicken 06 R4 release.
>
> I recently moved all my accounts from E-Trade to Quicken.
>
> While at E-trade interest received as well as non invested cash was in a
> corresponding sweep money market fund listed as part of that account &
> would show up correctly in Quicken investment summary as cash.
>
> With Vanguard its split into 2 accounts a brokerage account and sweep money
> market account even though its really just once account.
No, you may think of that way, but as you said it's really 2 accounts:
a brokerage account and a mutual fund.
The MMK downloads
> with a ticker VMMXX and shows up as a security & not cash which it really
> is.
No, its not cash. It is a share of a mutual fund with a net asset value
of usually $1.00 (though not guaranteed)
Is there a way to fix that?
>
Not clear what you want to "fix" as it accurately reflects the Vanguard
structure.
> Also in Quicken all the interest & dividends are initially deposited into
> the brokerage part of the account.
Not really "all". That is the dividends and interest from the BROKERAGE
account are deposited there but any dividends from any mutual funds will
be deposited or reinvested in the mutual fund account.
Then they are removed as a misc expense
> to get deposited into the MMF.
True. I don't find this to be a problem though as I simply edit the
transaction and change it to a transfer out.
> This is much more confusing then with E Trade at the Quicken end. It also
> doesn't compare easily to the paper Portfolio Summary
which puts every thing
> together again.
>
Not clear what Paper portfolio you are talking about. If you mean
Vanguard's statement, I rarely have to compare to paper as the
downloaded transactions keep me in balance.
> Thoughts?
I have lots of accounts at Vanguard and still use Quicken for 100% of my
investment tracking......rarely even look at the Vanguard statements. Is
it the best possible? Probably not. On the other hand I find the
services and funds Vanguard offers to be well worth it.
HTH,
Bob L.
>
> Barbara
>
>
* Barbara L wrote:
> Using Quicken 06 R4 release.
>
> I recently moved all my accounts from E-Trade to Quicken.
>
> While at E-trade interest received as well as non invested cash was in a
> corresponding sweep money market fund listed as part of that account &
> would show up correctly in Quicken investment summary as cash.
>
> With Vanguard its split into 2 accounts a brokerage account and sweep money
> market account even though its really just once account.
No, you may think of that way, but as you said it's really 2 accounts:
a brokerage account and a mutual fund.
The MMK downloads
> with a ticker VMMXX and shows up as a security & not cash which it really
> is.
No, its not cash. It is a share of a mutual fund with a net asset value
of usually $1.00 (though not guaranteed)
Is there a way to fix that?
>
Not clear what you want to "fix" as it accurately reflects the Vanguard
structure.
> Also in Quicken all the interest & dividends are initially deposited into
> the brokerage part of the account.
Not really "all". That is the dividends and interest from the BROKERAGE
account are deposited there but any dividends from any mutual funds will
be deposited or reinvested in the mutual fund account.
Then they are removed as a misc expense
> to get deposited into the MMF.
True. I don't find this to be a problem though as I simply edit the
transaction and change it to a transfer out.
> This is much more confusing then with E Trade at the Quicken end. It also
> doesn't compare easily to the paper Portfolio Summary
which puts every thing
> together again.
>
Not clear what Paper portfolio you are talking about. If you mean
Vanguard's statement, I rarely have to compare to paper as the
downloaded transactions keep me in balance.
> Thoughts?
I have lots of accounts at Vanguard and still use Quicken for 100% of my
investment tracking......rarely even look at the Vanguard statements. Is
it the best possible? Probably not. On the other hand I find the
services and funds Vanguard offers to be well worth it.
HTH,
Bob L.
>
> Barbara
>
>
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