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Posted by Andrew DeFaria on September 21, 2007, 10:28 am
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adi wrote:
> Andrew DeFaria wrote:
>> adi wrote:
>>> The BUY is necessary because you are truly buying more of the funds,
>>> even if you don't handle it yourself.
>> Excuse me for saying so but *so what!* The two transactions can be
>> represented as one transaction in Quicken with no ill effect.
>>> It would be the same as if you received the dividends transferred in
>>> your checking account and then sent the money to Fidelity and
>>> bought it yourself. From the IRS standpoint, Reinvesting is a Buy.
>> Again, so what. Having 2 transactions does me no good. One
>> transaction makes perfect sense here.
> I know it doesn't matter whether it's one transaction or two.
However you said that both where necessary. That is not the case. I was
pointing that out. Apparently you have a problem with that. I remain
unconcerned...
> As I had prefaced in my post, I wasn't sure where his concerns were.
> The OP mentioned the DIV & BUY transactions. He also mentioned about
> determining fund performance. He appeared to be confused (to me)
> about Dividends as regular or LT. Again I wasn't sure where he was
> confused. So I tried to address all issues. He responded that he
> understood about the multiple transactions. That's fine. But I did
> seem to help him with the ROI information and he had a way to deal
> with his MM funds. So he seemed to be satisfied with my response.
>
> What I didn't understand was your weird discourse.
It's simple. I wish for Quicken to help, not hinder me keeping track of
things. Having multiple transactions is more of a hindrance than a help.
And there are other things that financial institutions "get wrong" WRT
downloading transactions to Quicken. This makes online investment
downloads
<http://defaria.com/quikiwiki/tiki-index.php?page=Online%20Investing%20Download%20Problems>
much less useful. So when this subject comes up I point this out to
people. I hope they will bitch to the financial institutions and that
they will, in turn, make it better. I know it's a long shot because your
reprobates probably never take the time to complain to your financial
institution to fixed things however that's how it works.
> It was of no help to the OP.
You are running under the incorrect assumption that I'm here to help.
I'm not. Get over it.
> OK, your turn to rant...
How did I do? ;-)
--
Andrew DeFaria <http://defaria.com>
Borrow money from pessimists-they don't expect it back.
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adi wrote:
<blockquote
cite="mid:XSJIi.116808$ax1.20837@bgtnsc05-news.ops.worldnet.att.net"
type="cite">Andrew DeFaria wrote:
<br>
<blockquote type="cite"> adi wrote:
<br>
<blockquote type="cite">The BUY is necessary because you are truly
buying more of the funds, even if you don't handle it yourself.
<br>
</blockquote>
Excuse me for saying so but *so what!* The two transactions can be
represented as one transaction in Quicken with no ill effect.
<br>
<blockquote type="cite">It would be the same as if you received the
dividends transferred in your checking account and then sent the money
to Fidelity and bought it yourself. From the IRS standpoint,
Reinvesting is a Buy.
<br>
</blockquote>
Again, so what. Having 2 transactions does me no good. One transaction
makes perfect sense here.
<br>
</blockquote>
I know it doesn't matter whether it's one transaction or two.</blockquote>
However you said that both where necessary. That is not the case. I was
pointing that out. Apparently you have a problem with that. I remain
unconcerned...<br>
<blockquote
cite="mid:XSJIi.116808$ax1.20837@bgtnsc05-news.ops.worldnet.att.net"
type="cite">As
I had prefaced in my post, I wasn't sure where his concerns were.
The OP mentioned the DIV & BUY transactions. He also mentioned
about determining fund performance. He appeared to be confused
(to me) about Dividends as regular or LT. Again I wasn't sure
where he was confused. So I tried to address all issues. He
responded that he understood about the multiple transactions.
That's fine. But I did seem to help him with the ROI
information and he had a way to deal with his MM funds.
So he seemed to be satisfied with my response.
<br>
<br>
What I didn't understand was your weird discourse.</blockquote>
It's simple. I wish for Quicken to help, not hinder me keeping track of
things. Having multiple transactions is more of a hindrance than a
help. And there are other things that financial institutions "get
wrong" WRT downloading transactions to Quicken. This makes <a
href="http://defaria.com/quikiwiki/tiki-index.php?page=Online%20Investing%20Download%20Problems">online
investment downloads</a> much less useful. So when this subject comes
up I point this out to people. I hope they will bitch to the financial
institutions and that they will, in turn, make it better. I know it's a
long shot because your reprobates probably never take the time to
complain to your financial institution to fixed things however that's
how it works. <br>
<blockquote
cite="mid:XSJIi.116808$ax1.20837@bgtnsc05-news.ops.worldnet.att.net"
type="cite">It
was of no help to the OP.
<br>
</blockquote>
You are running under the incorrect assumption that I'm here to help.
I'm not. Get over it.<br>
<blockquote
cite="mid:XSJIi.116808$ax1.20837@bgtnsc05-news.ops.worldnet.att.net"
type="cite">OK, your turn to rant...
<br>
</blockquote>
How did I do? <span class="moz-smiley-s3"><span> ;-) </span></span><br>
<div class="moz-signature">-- <br>
<a href="http://defaria.com">Andrew DeFaria</a><br>
<small><font color="#999999">Borrow money from pessimists-they don't
expect it back.</font></small>
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