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| I would open a new account with account currency of US dollars. You can name it the same way as your existing brokerage account + USD in the name. Your broker keeps your holdings in a custodian bank account. The banks usually handle such cases by opening a separate subaccount for every currency that you can hold in an account. It would've been nice if Money supports subaccounts. "Joel Wehr" wrote: - quote - > I'm using the Canadian version of Money 2004. I was wondering if its > possible to hold two different currencies in the same brokerage account (ie: > US dollars and Canadian dollars). Money is set up now to show all my cash > holdings in my brokerage account in Canadian dollars. As soon as I try to > tranfer US dollars to my account money converts it to Canadian and combines > it with any of the Canadian dollars I'm holding. I would like to be able to > tranfer US funds to this same brokerage account and have them remain > separate from the Canadian cash and show me with two cash holdings. > Thanks > Joel |
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| In microsoft.public.money, Joel Wehr wrote: - quote - > I'm using the Canadian version of Money 2004. I was wondering if its
I would enter the money that you bring into the account as USD with> possible to hold two different currencies in the same brokerage account (ie: > US dollars and Canadian dollars). Money is set up now to show all my cash > holdings in my brokerage account in Canadian dollars. As soon as I try to > tranfer US dollars to my account money converts it to Canadian and combines > it with any of the Canadian dollars I'm holding. I would like to be able to > tranfer US funds to this same brokerage account and have them remain > separate from the Canadian cash and show me with two cash holdings. Buy of a US Money Market fund. If you define it to be a MMF, Money might treat it as having a fixed 1 CA$ price. If you define it as a US Mutual Fund and give it a symbol such as US:FDRXX or US:VMMXX, it should track US$ prices as you fetch quotes. I have not tested this, but it is what I would try. |
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| I'm using the Canadian version of Money 2004. I was wondering if its possible to hold two different currencies in the same brokerage account (ie: US dollars and Canadian dollars). Money is set up now to show all my cash holdings in my brokerage account in Canadian dollars. As soon as I try to tranfer US dollars to my account money converts it to Canadian and combines it with any of the Canadian dollars I'm holding. I would like to be able to tranfer US funds to this same brokerage account and have them remain separate from the Canadian cash and show me with two cash holdings. Thanks Joel |
| Tags |
| account, currencies, holding |
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