They suggest a CD and there is a CD type of investment. It isn't much of an
improvement in functionality over just a bank account. But keeping it in an
Investment account setup as 401k or IRA will assure the rest of Money deals
with it correctly for Tax Estimator, etc., so that's probably best overall.
It will also let you get performance reporting--not that that's a tough
problem for a CD.

<umpy11[at]gmail.com> wrote in message
news:1164064638.879386.141370[at]k70g2000cwa.googlegroups.com...
- quote -

Ok, I talked with my bank today, and while my investment is technically
an IRA, it is a Certificate of Deposit that just pays a monthly
interest rate of 4.75 %. Should I just set this up as a normal bank
account instead of an investment? The Money Wizard says that if it is a
CD I should use investment account instead of a savings account. Any
suggestions?

Thanks,

Dave
Dick Watson wrote:
- quote -

Thanks for the context. It makes it a lot easier to give you an effective
answer.

What I'd do:

Go back to the first statement and/or the confirmations from the transfer of
your 401k into the IRA.

From that, I'd create "Add Shares" Investment Transactions for the
Investments transferred. You don't say what type of investments are
involved, but I'll assume you have several Mutual Fund investments and these
transferred across as some number of shares each from the 401k.

If you go to the Investment account, you can enter transactions just like
you enter cash transactions except for a few minor differences.

Start with a date. The next field is an investment name. Since you have no
Investments defined, whatever you type in here will result in Money giving
you a wizard to define a new type of Investment. It will want to know about
the type of Investment, the Investment's ticker symbol (you should be able
to get this information off the brokerage statement) and similar stuff. Once
it's defined the Investment, you will return to the transaction. Next you
can pick the type of activity. My suggestion was "Add Shares"--based in part
on some assumptions about what your situation is. If you use Add share, all
that's left to define is the number of shares. Again, you can get that off
the "starting" statement from the brokerage.

Repeat the above for all of the different investments.

That should be enough to get you started, assuming your situation matches my
guesses. Beyond that, there are other things to know about handling things
like reinvested dividends, new purchase, sales, and so forth. Let's start
small.

<umpy11[at]gmail.com> wrote in message
news:1163872909.422783.279240[at]b28g2000cwb.googlegroups.com...
- quote -

Dick,

Thanks for responding. I suspect that this may indeed be "user
education" issue. I'll try and answer your questions as best I can:

- quote -

at inception, but did not enter any specific investments.

- quote -

Horizon Bank does not offer integrated online functionality.

- quote -

all in Quicken when I was using that program.

- quote -


- quote -

program.

- quote -

issue, as there is no IRA account in there to use as an example.

Hopefully these answers will give you or someone else a better
understanding of where I'm coming from. I readily admit to being new
and inexperienced when it comes to understanding investments, and would
just like any advise on how to best track them in Money.

Thanks in advance,

Dave

Some comments below.

<umpy11[at]gmail.com> wrote in message
news:1163824984.826305.107280[at]k70g2000cwa.googlegroups.com...
- quote -

You say you "entered this into Money as an IRA". How so? Did you define
Investments in Money at the time and enter shares for these investments in
the Money Investment Account? Do you download from this broker/FI? Did you
previously have the 401k Investments in Money and do a Transfer Account
operation? Are you using Essential or Advanced Register? (I'm not even sure
what Essential Register means as regards Investment Accounts.)

I guess what I'm asking is why do you think there should be investments
shown in the Money IRA account? How do you think they would have gotten
there? Have you ever setup an Investment Account in Money or any Investmetns
and transactions involving these Investmetns in Money? Again, I'm trying to
calibrate. It's possible your file is screwed up or maybe we have a user
education issue. Can't tell which just yet.

In general, one defines Investments to Money and then created investment
transactions to "Buy" positions in these Investments in an Investment
Account. That's the view from space anyway. As you get closer to the surface
things can get more complicated--things like Dividends and Splits and types
of Investments and Investment Cash Accounts and so forth. But let's start
small.

- quote -

Seems like an OK category to me, but I'm wondering where the interst is
coming from. Is it interest shed by the Investments we can't account for
just yet? Is this a brokerage account with a lot of cash in it and that's
where the interest is coming from?

- quote -

There used to be lots of Money books. Most of the ended up getting pulped.
There was (is?) a Money2006 for Dummies book, but I can't say if it is any
good. It's probably better than nothing, but the in-program help resources
and the resources at http://www.microsoft.com/money are also better than
nothing. You might also want to look at the sample data file installed with
Money.

I am using MS Money 2006 Premium, switching over recently from Quicken.
Early in the year, I rolled a 401K from a previous job into an IRA and
entered this into Money as an IRA. I am not currently contributing to
it, so the only change in the account is the monthly interest. I am
struggling with the way Money handles all this. When looking at "Dave's
IRA Holdings" I see the following:

1. Under Account Summary, it says "The account currently has in
investments in it. You can add a new investment here."

2. Under Investment Transactions, it shows no transactions, with the
correct account balance at the bottom of the screen.

3. Under "Cash Transactions" I have all of my interest entered by month
from my statement. I have this interest categorized as "Investment
Income: Interest."

My questions are:

1. Why does it say that my account has no investments?
2. Do I have it set up correctly, specifically the category for
interest?

Also, if anyone has suggestions on a good, thorough MS Money book for
someone who struggles with the whole concept of investments, could you
pass that information along?

Thanks in advance,

Dave