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#3
12-22-2006, 05:14 PM
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 Re: Best way to handle an IRA "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:uaTEPjcJHHA.4848[at]TK2MSFTNGP04.phx.gbl... - quote - > Do they not show you a symbol on the transaction confirms or statements or
No, no symbols on any of the paperwork I've seen so far.> prospectuses? - quote - > Into the case of my 401k, I cans see shares on some data but not on
That sounds like the easiest. I have been doing my own calculations and> others. So I just use the Account Summary|Account Update once a quarter or > so to add the Add/Remove Shares activities automagically. I buy $1 shares > with contributions. Add/Remove Shares but the Account Update looks easier to use. Thanks. Bruce. |
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#2
12-22-2006, 11:58 AM
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| Re: Best way to handle an IRA See below. "Bruce Chastain" <bachastain[at]XNOSPAMXsbcglobal.net> wrote in message news:uAotuVWJHHA.3952[at]TK2MSFTNGP02.phx.gbl... - quote - > "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
This was your rationale. I'm assuming that your IRA has investments in> message news:OwpUrJWJHHA.320[at]TK2MSFTNGP06.phx.gbl... > > The issue here is not the IRA account. It's the investments that are not > > market priced. > Ah, that explains why I can't find symbols for them. "private" funds the FI made up. If this isn't so, then the choice horizon for how to treat it in Money opens up a lot. Do they not show you a symbol on the transaction confirms or statements or prospectuses? - quote - > > The only thing I would do different in this scenario--rather like my own
Into the case of my 401k, I cans see shares on some data but not on others.> > 401k--is to define one investment per investment in the real world > > account and track each as $1 shares. I can't say for sure that really > > improves anything, but I feel better doing it this way. > Ok, thanks much Dick. Right now I'm tracking it as a single $1 investment > rather than multiple. They don't send me the share/price information very > often so it's hard to break it down finer than that. So I just use the Account Summary|Account Update once a quarter or so to add the Add/Remove Shares activities automagically. I buy $1 shares with contributions. |
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#1
12-22-2006, 12:06 AM
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| Re: Best way to handle an IRA "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:OwpUrJWJHHA.320[at]TK2MSFTNGP06.phx.gbl... - quote - > The issue here is not the IRA account. It's the investments that are not
Ah, that explains why I can't find symbols for them.> market priced. - quote - > The only thing I would do different in this scenario--rather like my own
Ok, thanks much Dick. Right now I'm tracking it as a single $1 investment> 401k--is to define one investment per investment in the real world account > and track each as $1 shares. I can't say for sure that really improves > anything, but I feel better doing it this way. rather than multiple. They don't send me the share/price information very often so it's hard to break it down finer than that. Bruce. |
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12-21-2006, 11:45 PM
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| Re: Best way to handle an IRA The issue here is not the IRA account. It's the investments that are not market priced. The only thing I would do different in this scenario--rather like my own 401k--is to define one investment per investment in the real world account and track each as $1 shares. I can't say for sure that really improves anything, but I feel better doing it this way. "Bruce Chastain" <bachastain[at]XNOSPAMXsbcglobal.net> wrote in message news:OccmHZUJHHA.4848[at]TK2MSFTNGP04.phx.gbl... - quote - > Is this the best way to handle an IRA account? |
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#-1
12-21-2006, 08:23 PM
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| Best way to handle an IRA I have an IRA account that is invested in various mutual funds. I can't get daily pricing on the funds, and tracking the share counts of all those funds would be a pain in the backside. So what I've been doing instead is just assuming a combined share price of $1 and adjusting the shares to the account total. In other words, if my IRA is worth $12345, that means I have 12345 shares at $1 per share. As the IRA changes value over time, I just do a Add or Remove Shares until the account value matches the actual value. Since the account is tax exempt (deferred), I don't think this method will have any long term implications, tax or otherwise. Is this the best way to handle an IRA account? Bruce. |
| Tags |
| handle, ira |
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