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Old 07-19-2005, 04:42 PM
Cal Learner-- MVP
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Default Re: Stock sale to Money Market in same investment account?

In microsoft.public.money, Randy wrote:

- quote -

> Using Money 2005 Deluxe
> If I record a sale of a stock or fund, and the funds go directly to a money
> market account held at that same firm, there does not seem to be a way to
> make that occur.
> I have stock in a company, which is held in a IRA account. If I sell the
> stock (which I did) money only lets me put it into very select accounts..
> mainly cash accounts. This is a non-taxable event. Why doesnt the whole
> list off investment accounts show in the pull down selector.


If there is no cash transactions account for your investment
account, you can add that account back in. Is that account missing
from your list, or were you expecting to see the money market fund
(MMF) as an account?

If you want to represent the funds being used to buy the MMF, you
need to add a Buy of the MMF. If you download transactions, many
brokers also send the MMF buys and sells. The buy of the MMF would
upon sale of a security may be 1 or 3 trading days after the sale.
If they don't send the MMF buys and sells, it is much simpler to let
the swept funds be included in the cash transactions register.

- quote -

> Very frustrating.

 
Old 07-14-2005, 01:06 AM
Bernhard Kohlhaas
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Default Re: Stock sale to Money Market in same investment account?

Randy,

When you buy (sell a stock) the cash coms from (or goes to) a cash
account. An investment account can only hold investments, not cash. That
is the reason, why a lot of times it is very useful to assign a cash
account to an investment account and in fact, an investment account can
have an associated cash account (see the account details).

So if youre IRA account does not have an assigned cash account yet, you
can allow it to have one. In Money 2004 you could do this by going to
the Accound Details page, clicking on "Rename" and making sure that the
option "Allow cash transactions" is checked. Since I don't use Money
2005 I don't know, if the option is still at the same place.
And if your target investment account doesn't allow cash transaction,
you may want to activate the same option there as well.

If that doesn't answer your question, then perhaps you could explain a
little more, what exactly you're trying to do.

Best Regards,
Bernhard

Randy wrote:
- quote -

> Using Money 2005 Deluxe
> If I record a sale of a stock or fund, and the funds go directly to a money
> market account held at that same firm, there does not seem to be a way to
> make that occur.
> I have stock in a company, which is held in a IRA account. If I sell the
> stock (which I did) money only lets me put it into very select accounts..
> mainly cash accounts. This is a non-taxable event. Why doesnt the whole
> list off investment accounts show in the pull down selector.
> Very frustrating.

  #-1  
Old 07-12-2005, 11:52 PM
Randy
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Posts: n/a
Default Stock sale to Money Market in same investment account?

Using Money 2005 Deluxe

If I record a sale of a stock or fund, and the funds go directly to a money
market account held at that same firm, there does not seem to be a way to
make that occur.

I have stock in a company, which is held in a IRA account. If I sell the
stock (which I did) money only lets me put it into very select accounts..
mainly cash accounts. This is a non-taxable event. Why doesnt the whole
list off investment accounts show in the pull down selector.

Very frustrating.


 

Tags
account, investment, market, money, sale, stock
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