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#3
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| A little further information. I have discovered that the re-invest interest option works OK on an account where I am doing the same sequence of actions, but the account is described as a unit trust, whereas the account I have problems with is a money market account. On entering the re-invest interest amount on the problem account, the amount of the original investment is immediately deducted from the total at the bottom of the page. In the report section a list of account totals shows the interest amount, plus original amount with an almost corresponding debit. The original investment amount is $5000, the debit is $4999. I'm afraid this is beyond my understanding. Had a look through google groups but didn't find anything that sounder similar. Regards, Pete. Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:eqb7hQTWGHA.1564[at]TK2MSFTNGP03.phx.gbl... - quote - > I don't know that it's an old question, so there's nothing to apologize for. > Given this sequence--you really had established a position in the investment > prior to entering the reinvest interest transaction--I'm clueless as to > where the original buy/position went. This has not been reported as a common > problem to my recollection and I've been here a long time. You might search > newsgroup microsoft.public.money at http://groups.google.com. You might also > consider the file repair methods. > "P Hargreaves" <hrgrvs[at]infogen.net.nz> wrote in message > news:uLlt55PWGHA.4132[at]TK2MSFTNGP04.phx.gbl... > > Many thanks for such a prompt reply. Yes that is exactly what happens. I > > realise of course that there are later versions of Money, but until now, > > the > > 98 version has done all I require. Apologies for apparently re-asking an > > old question, I have just discovered this news site. Pete. |
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#2
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| I don't know that it's an old question, so there's nothing to apologize for. Given this sequence--you really had established a position in the investment prior to entering the reinvest interest transaction--I'm clueless as to where the original buy/position went. This has not been reported as a common problem to my recollection and I've been here a long time. You might search newsgroup microsoft.public.money at http://groups.google.com. You might also consider the file repair methods. "P Hargreaves" <hrgrvs[at]infogen.net.nz> wrote in message news:uLlt55PWGHA.4132[at]TK2MSFTNGP04.phx.gbl... - quote - > Many thanks for such a prompt reply. Yes that is exactly what happens. I > realise of course that there are later versions of Money, but until now, > the > 98 version has done all I require. Apologies for apparently re-asking an > old question, I have just discovered this news site. Pete. |
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#1
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| Many thanks for such a prompt reply. Yes that is exactly what happens. I realise of course that there are later versions of Money, but until now, the 98 version has done all I require. Apologies for apparently re-asking an old question, I have just discovered this news site. Pete. Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:u0l#NzGWGHA.1204[at]TK2MSFTNGP04.phx.gbl... - quote - > Wow. Money98. An Oldie. Not a goodie even the day it was released. Until M05 > was released, I thought it was the worst version ever. Anyway, enough > history... > Let's review the bidding here step-by-step. > You have created an Investment Account, named something like > "MyInvestmentAcct". > You have, say, a 5,000 NZD Buy Transaction in MyInvestmentAcct in an > Investment, defined as type Money Market Fund, and named something like > "MyMMF". The Transfer Account for this Investment transaction is set to some > appropriate account where the cash came from. Money will assume each share > of an MMF is 1 NZD, thus this is a 5,000 share transaction. > When you go to the Investment Account Summary page (I think M98 had > those--it's been a LONG TIME) and it shows a quantity of 5,000 shares of > MyMMF with a value of 5,000 NZD. > You now add a Reinvest Interest transaction in the MyInvestmentAcct register > for Investment MyMMF in the amount of, say, 100 shares at 100 NZD. > Now you go to the Investment Account Summary page and it shows a quantity of > 100 shares of MyMMF with a value of 100 NZD not the expected 5,100 shares > with a value of 5,100 NZD. > Does this describe your issue and teh sequence of events you followed? > "P Hargreaves" <hrgrvs[at]infogen.net.nz> wrote in message > news:%2342wV4FWGHA.752[at]TK2MSFTNGP02.phx.gbl... > > I have a money market investment account where quarterly interest is > > compounded, ie added to the investment amount. I have tried entering this > > as > > 're-invest interest' but this seems to reduce the account balance to just > > the interest amount. i.e. the original investment amount has vanished. > > Using > > money 98. Best regards, Pete > |
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| Wow. Money98. An Oldie. Not a goodie even the day it was released. Until M05 was released, I thought it was the worst version ever. Anyway, enough history... Let's review the bidding here step-by-step. You have created an Investment Account, named something like "MyInvestmentAcct". You have, say, a 5,000 NZD Buy Transaction in MyInvestmentAcct in an Investment, defined as type Money Market Fund, and named something like "MyMMF". The Transfer Account for this Investment transaction is set to some appropriate account where the cash came from. Money will assume each share of an MMF is 1 NZD, thus this is a 5,000 share transaction. When you go to the Investment Account Summary page (I think M98 had those--it's been a LONG TIME) and it shows a quantity of 5,000 shares of MyMMF with a value of 5,000 NZD. You now add a Reinvest Interest transaction in the MyInvestmentAcct register for Investment MyMMF in the amount of, say, 100 shares at 100 NZD. Now you go to the Investment Account Summary page and it shows a quantity of 100 shares of MyMMF with a value of 100 NZD not the expected 5,100 shares with a value of 5,100 NZD. Does this describe your issue and teh sequence of events you followed? "P Hargreaves" <hrgrvs[at]infogen.net.nz> wrote in message news:%2342wV4FWGHA.752[at]TK2MSFTNGP02.phx.gbl... - quote - > I have a money market investment account where quarterly interest is > compounded, ie added to the investment amount. I have tried entering this > as > 're-invest interest' but this seems to reduce the account balance to just > the interest amount. i.e. the original investment amount has vanished. > Using > money 98. Best regards, Pete |
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#-1
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| I have a money market investment account where quarterly interest is compounded, ie added to the investment amount. I have tried entering this as 're-invest interest' but this seems to reduce the account balance to just the interest amount. i.e. the original investment amount has vanished. Using money 98. Best regards, Pete |
| Tags |
| compound, interest |
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