Re-invested dividends are duplicated

#6 12-18-2007, 02:02 PM

"db" <db[at]discussions.microsoft.com> wrote in message
news:A2512BBB-29EE-4C69-AB55-D45034E27EDF[at]microsoft.com...
- quote -

> Yes, in the Investment transactions, I do. But it is only the Cash
> section
> that is reporting wrong, the investment transactions' total all
> match the
> portfolio in Sharebuilder.

That's the problem. As Cal explained, a 'reinvest dividend' is a
combination of receiving dividend income and buying the shares as
reinvestment. Having both a dividend and a reinvest dividend
duplicates the dividend income. The residual income stays in the cash
account, causing the balance error there.

You have to either delete the dividend transaction or change the
reinvest dividend to a simple buy. If your broker reports them as
separate transactions, take the latter approach. Put 'reinvest
dividend' in the memo as a note to yourself.
--
Chris Cowles
Gainesville, FL

#5 12-18-2007, 01:44 PM

"Chris Cowles" wrote:

- quote -

> "db" <db[at]discussions.microsoft.com> wrote in message
> news:1893AD74-15E4-43FB-B94E-4CB978874356[at]microsoft.com...
> > > > "Cal Learner-- MVP" wrote:
> > > > In microsoft.public.money, db wrote:
> > > > > > Then you should not also have a Dividend transaction. Reinvest
> > > Dividend is like both a Dividend and a Buy.
> > > > > Then why is my Money account consistently off by these amounts? Can
> > you
> > think of anything?
> Do you have both a dividend transaction and a reinvest dividend?
Yes, in the Investment transactions, I do. But it is only the Cash section

that is reporting wrong, the investment transactions' total all match the
portfolio in Sharebuilder.

#4 12-18-2007, 01:08 PM

"db" <db[at]discussions.microsoft.com> wrote in message
news:1893AD74-15E4-43FB-B94E-4CB978874356[at]microsoft.com...
- quote -

> "Cal Learner-- MVP" wrote:
> > In microsoft.public.money, db wrote:
> > > Then you should not also have a Dividend transaction. Reinvest
> > Dividend is like both a Dividend and a Buy.
> > Then why is my Money account consistently off by these amounts? Can
> you
> think of anything?

Do you have both a dividend transaction and a reinvest dividend?

#3 12-18-2007, 04:22 AM

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, db wrote:

> Then you should not also have a Dividend transaction. Reinvest
> Dividend is like both a Dividend and a Buy.

Then why is my Money account consistently off by these amounts? Can you
think of anything?

#2 12-18-2007, 04:04 AM

In microsoft.public.money, db wrote:

- quote -

> "Cal Learner-- MVP" wrote:
> > In microsoft.public.money, db wrote:
> > > > In my sharebuilder account within MS Money, everytime I make a dividend and
> > > have it automatically re-invested, Money doesn't remove the value from the
> > > cash transactions. So Money reports the principal investment + DOUBLE the
> > > dividends. So, I end up with results like $1,008.44 instead of $1,004.22.
> > > > > Does anyone know what's going on?
> > > It sounds as if you may be getting AddShares rather than Buy
> > transactions entered.
> > > It says Reinvest Dividend in the Investment Transactions section...

Then you should not also have a Dividend transaction. Reinvest
Dividend is like both a Dividend and a Buy.

#1 12-18-2007, 03:42 AM

In microsoft.public.money, db wrote:

- quote -

> In my sharebuilder account within MS Money, everytime I make a dividend and
> have it automatically re-invested, Money doesn't remove the value from the
> cash transactions. So Money reports the principal investment + DOUBLE the
> dividends. So, I end up with results like $1,008.44 instead of $1,004.22.
> Does anyone know what's going on?

It sounds as if you may be getting AddShares rather than Buy
transactions entered.

12-18-2007, 03:42 AM

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, db wrote:
> > In my sharebuilder account within MS Money, everytime I make a dividend and
> > have it automatically re-invested, Money doesn't remove the value from the
> > cash transactions. So Money reports the principal investment + DOUBLE the
> > dividends. So, I end up with results like $1,008.44 instead of $1,004.22.
> > > Does anyone know what's going on?
> It sounds as if you may be getting AddShares rather than Buy
> transactions entered.

It says Reinvest Dividend in the Investment Transactions section...

#-1 12-18-2007, 03:02 AM

In my sharebuilder account within MS Money, everytime I make a dividend and
have it automatically re-invested, Money doesn't remove the value from the
cash transactions. So Money reports the principal investment + DOUBLE the
dividends. So, I end up with results like $1,008.44 instead of $1,004.22.

Does anyone know what's going on?

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