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Old 03-02-2006, 12:44 PM
Zach Rose
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Default Re: Setup CD as investment

Thanks. I hadn't finished step 2. I'll try it out.

Zach


On 3/2/06 8:31 AM, in article ejzG23fPGHA.3936[at]TK2MSFTNGP12.phx.gbl, "Dick
Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote:

- quote -

> What you don't mention is then entering investment transactions that define
> the CDs as investments and "buy" the CDs from cash. The basic flow is:
> 1) Given an Investment Account,
> 2) Either Transfer cash to the Investment Account associated Cash Account
> and then enter a Buy transaction in the Investment Account associated Cash
> Account,
> or
> 2 alternate) Enter a Buy Investment/CD transaction in the original account
> where the cash came from
> 3) When entering the Buy transaction, define a new Investment of type CD.
> Use a name something like "6 month CDs 2006-02" and enter the remaining
> specifics.
> You can specify the interest rate and term here. I don't believe you can
> specify how often interest is deposited. Nor will Money use any of this data
> to make automatic interest deposit transactions. You will have to enter
> those off statements.
> "Zach Rose" <zrose[at]indiana.edu> wrote in message
> news:C02C5BA8.71F1%zrose[at]indiana.edu...
> > When I setup a new account for a couple of CD's that I purchased I chose
> > to
> > make them investment accounts. The problem is that I don't see how I can
> > enter the interest rate and length of term and how often interest is
> > deposited. Is there a better way to setup a CD so that money can track
> > all
> > this information?


  #1  
Old 03-02-2006, 12:38 PM
Dick Watson
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Posts: n/a
Default Re: Setup CD as investment

For clarity's sake:

2) Either Transfer cash to the Investment Account associated Cash Account
and then enter a Buy transaction in the Investment Account associated Cash
Account that specifies the Investment Account to hold the Investment,
or
2 alternate) Enter a Buy Investment/CD transaction in the original account
where the cash came from that specifies the Investment Account to hold the
Investment


 
Old 03-02-2006, 12:31 PM
Dick Watson
Guest
 
Posts: n/a
Default Re: Setup CD as investment

What you don't mention is then entering investment transactions that define
the CDs as investments and "buy" the CDs from cash. The basic flow is:

1) Given an Investment Account,
2) Either Transfer cash to the Investment Account associated Cash Account
and then enter a Buy transaction in the Investment Account associated Cash
Account,
or
2 alternate) Enter a Buy Investment/CD transaction in the original account
where the cash came from
3) When entering the Buy transaction, define a new Investment of type CD.
Use a name something like "6 month CDs 2006-02" and enter the remaining
specifics.

You can specify the interest rate and term here. I don't believe you can
specify how often interest is deposited. Nor will Money use any of this data
to make automatic interest deposit transactions. You will have to enter
those off statements.

"Zach Rose" <zrose[at]indiana.edu> wrote in message
news:C02C5BA8.71F1%zrose[at]indiana.edu...
- quote -

> When I setup a new account for a couple of CD's that I purchased I chose
> to
> make them investment accounts. The problem is that I don't see how I can
> enter the interest rate and length of term and how often interest is
> deposited. Is there a better way to setup a CD so that money can track
> all
> this information?



  #-1  
Old 03-02-2006, 12:22 PM
Zach Rose
Guest
 
Posts: n/a
Default Setup CD as investment

When I setup a new account for a couple of CD's that I purchased I chose to
make them investment accounts. The problem is that I don't see how I can
enter the interest rate and length of term and how often interest is
deposited. Is there a better way to setup a CD so that money can track all
this information?

Zach Rose

 

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investment, setup
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