OK, that's the way I have been doing it. (sell the money market to cash,
then buy with cash)
It's more tedious and I was wondering if by changing my setup, I could do it
directly as I could with the old version of quicken (which didn't care if I
went straight to/from one fund to the money market)

thanks once again

bobb


"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:q8j8gv4jct18aljsl38sfvkqlbgfk175e5[at]4ax.com...
- quote -

In microsoft.public.money, - Bobb - wrote:

- quote -

You have an associated cash account for Fidelity I assume. That will
normally contain $0. Sell Select letting the proceeds temporarily go
to the cash account. Buy the fund getting the money from the cash
account. The cash account is back to zero.

- quote -

Use the associated cash account rather than your Sel MM, and I
think things will work nicely. Just expect to keep the cash
transactions account at zero most of the time.

Yeah, I thought it would be tough to follow.
Thanks for your help Cal.

It'll be in Fidelity lingo, but if you want to follow, I'd love the help.
First of all, why do I care? ( you may skip to next paragraph if you don't
care why)
Some funds at Fidelity charged a 3% load. So if you had $15000 in your
account and bought $5,000 of a load fund, you'd pay a $150 fee on that cash
and ON THAT CASH only. So now in your account they would know that. If you
then sell that load fund and drop it all into your CASH account, YOU'D lose
track of what money has paid a load. Then when you buy something else - even
a noload fund, the FIRST money that they use is "loaded" money - they use
all the 3%, then all the 2%, etc until you've tied up all your "3% money on
perhaps noload funds. now you choose to buy the same load fund back - they
charge you the 3% again (since your other money has been used first).I put
that cash into my Select MM and I can track it and only use it when needed.

So, for that reason, in my Fidelity Brokerage account I have a few mutual
funds as well as 3 "money market accounts".
1. a Select MM (the money on which I've paid 3% loads I keep here for
tracking purposes)
2. a federal US govt MM (to keep the state of MASS 12% tax out of my wallet)
and
3. a "default - Cash Reserves" MM (which is usually empty - I keep my cash
in the others).

So that's how it looks in Money - a select, a us govt and the CASH account.
Yesterday I sold my Low Priced Stock Fund and bought Select Medical (both
have 3% loads so = no fee)
And then I bought Select Health with money from my Select Money Market.
(Again, both have 3% loads so = no fee).

But when I try to do those transactions in Money I can't.
I enter BUY (or transfer in) Select Health, and Select Money Market is NOT
an option in the 'transfer from'drop down': my only choices are CASH
accounts or charge accounts (That's what I meant earlier by "I tried
transfer - only to a cash account)

I think that Money THINKS it is just another mutual fund, and therefore not
a source of funds - even though for 'category' it shows "money market". I
would think that any money market SHOULD be listed, but it never was. Maybe
I did the process wrong originally .... I used CASH from the account to BUY
a money market fund. Seemed simple to me. Is there something special I need
to do ?

And although on my statement and online it's done in one step, when I sell
LP Stock, I can't DIRECTLY buy another fund in Money. (same reason - can't
enter it) I need a temporary "holding tank" for the cash, so I figured, I'd
deposit it to Sel MM, then a second later buy FROM Sel MM to Sel Medical. So
I could just sell the LP Stock and select MM to cash but I'd like a trail of
the 3% money.


thanks again - as always,
bobb


"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:5eb7gv8itmdf755f1v18jlqpsgh807p4nv[at]4ax.com...
- quote -

In microsoft.public.money, - Bobb - wrote:

- quote -

I suspect that in addition to two different MMs you have them in
different investment accounts. Is that the deal? In any case, you
can specify the cash account that is the source or destination of
the money by pressing Ctrl+T to make the Transfer to/from box
appear.

- quote -

"Cash reserves" is apparently your unloaded MM. So why is it even
involved here? If you are using the Select MM as the source of
funds, enter a $0 commission and if using the Reserves MM to buy
enter a non-zero commission.
- quote -

I see no reasons you cannot do this. Which part gives you a problem.
Selling the MM or buying the fund? If they are indeed entered into
two separate Money investment accounts, the transfer to/from on the
Buy or Sell for the money should let you accomplish this.

- quote -

I don't have a guess as to what that means. For the rest of it, I am
not sure if I understood or not.