Certificate of Deposit?

#3 12-10-2005, 08:22 PM

Thanks again. On Fidelity's web site, it says Bond Type: SDMC. I cannot
find out what SDMC stands for. Do you? I think you are right that it is a
CD bought through a broker.
"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:6fohp15f37aob2sn7232dick3juni7ues7[at]4ax.com...
- quote -

> In microsoft.public.money, SteveC wrote:
> > Thanks Cal; I have never purchased bonds but I have mutual funds money
> > funds. This was supposed to be a CD and has a guaranteed rate of return
> > but
> > had a CUSIP, which was unexpected for me. Most of these mutual funds have
> > an id such as FTRNX or something like that. I forget the name for those
> > designations. I fear I am getting Alzheimer's. CUSIPS are like numbers,
> > eg., 78938728C4. So I assume for trading purposes, the CUSIP means this
> > CD
> > is treated like a Money Market Fund..
> The CUSIP does not indicate that, but it does identify the security.
> It may well be a bank CD via the broker rather than directly with
> the bank. That usually also means you could sell them on the
> secondary market, tho they are not listed.

#2 12-09-2005, 12:48 AM

In microsoft.public.money, SteveC wrote:

- quote -

> Thanks Cal; I have never purchased bonds but I have mutual funds money
> funds. This was supposed to be a CD and has a guaranteed rate of return but
> had a CUSIP, which was unexpected for me. Most of these mutual funds have
> an id such as FTRNX or something like that. I forget the name for those
> designations. I fear I am getting Alzheimer's. CUSIPS are like numbers,
> eg., 78938728C4. So I assume for trading purposes, the CUSIP means this CD
> is treated like a Money Market Fund..

The CUSIP does not indicate that, but it does identify the security.
It may well be a bank CD via the broker rather than directly with
the bank. That usually also means you could sell them on the
secondary market, tho they are not listed.

#1 12-09-2005, 12:44 AM

Thanks Cal; I have never purchased bonds but I have mutual funds money
funds. This was supposed to be a CD and has a guaranteed rate of return but
had a CUSIP, which was unexpected for me. Most of these mutual funds have
an id such as FTRNX or something like that. I forget the name for those
designations. I fear I am getting Alzheimer's. CUSIPS are like numbers,
eg., 78938728C4. So I assume for trading purposes, the CUSIP means this CD
is treated like a Money Market Fund..

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:60qcp15g4eshlpiid03oat9lmr566pu395[at]4ax.com...
- quote -

> In microsoft.public.money, SteveC wrote:
> > When I download a position from Fidelity, it seems to treat my CD as if it
> > were a bond. It even has a CUSIP number but when it matches in my
> > Portfolio
> > it has a price of 0 with the number of shares (apparently at $1 each)
> > equalling 0 in value. Obviously, it should be $1 per share value. Should
> > I
> > change the investment type to bond even though it is a CD since it has a
> > CUSIP and I need it to reflect accurately the value?
> Stocks have CUSIPs. Money market funds have CUSIPs. Mutual funds
> have CUSIPs.
> Describing it as a bond is probably not a good idea. A Money market
> fund is a special mutual fund with a fixed price of $1 per share. I
> don't know if that would be the end of your problems with
> downloading from what I assume is a 401k, or equivalent account, but
> that might be worth considering.

12-07-2005, 03:45 AM

In microsoft.public.money, SteveC wrote:

- quote -

> When I download a position from Fidelity, it seems to treat my CD as if it
> were a bond. It even has a CUSIP number but when it matches in my Portfolio
> it has a price of 0 with the number of shares (apparently at $1 each)
> equalling 0 in value. Obviously, it should be $1 per share value. Should I
> change the investment type to bond even though it is a CD since it has a
> CUSIP and I need it to reflect accurately the value?

Stocks have CUSIPs. Money market funds have CUSIPs. Mutual funds
have CUSIPs.

Describing it as a bond is probably not a good idea. A Money market
fund is a special mutual fund with a fixed price of $1 per share. I
don't know if that would be the end of your problems with
downloading from what I assume is a 401k, or equivalent account, but
that might be worth considering.

#-1 12-07-2005, 01:02 AM

When I download a position from Fidelity, it seems to treat my CD as if it
were a bond. It even has a CUSIP number but when it matches in my Portfolio
it has a price of 0 with the number of shares (apparently at $1 each)
equalling 0 in value. Obviously, it should be $1 per share value. Should I
change the investment type to bond even though it is a CD since it has a
CUSIP and I need it to reflect accurately the value?

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