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| In microsoft.public.money, Don Gatz wrote: - quote - > I opened a new Fidelity brokerage account to receive some stocks and
While most brokers make separate buy and sell transactions of MM> mutual funds being transferred from another account. In the > transferred-in account the cash was kept in a money market fund, but > when I download the information on the new account from Fidelity, the > cash from the money market fund showed up in the "associated cash" > account, and the money market fund does not appear at all. > Is there a way to designate the MMkt fund as the "associated cash > account," or is there a better way to handle this situation? shares, it appears Fidelity just lets the cash balance represent the MM shares and sends Dividend transactions for Fidelity Cash Reserves. That will work. Just a different paradigm, and one I might use if entering transactions by hand. I would just go with the downloaded method if it is reasonable. One thing. The MM is not an account. It is an investment. |
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| I opened a new Fidelity brokerage account to receive some stocks and mutual funds being transferred from another account. In the transferred-in account the cash was kept in a money market fund, but when I download the information on the new account from Fidelity, the cash from the money market fund showed up in the "associated cash" account, and the money market fund does not appear at all. Is there a way to designate the MMkt fund as the "associated cash account," or is there a better way to handle this situation? |
| Tags |
| account, cash, designate, fund, mmkt |
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