| | |||
| |||
| In microsoft.public.money, dkopel22[at]hotmail.com wrote: - quote - > Can anyone tell me how to create a money market account for an ira? I
A Money Market with a broker is an investment rather than an> tried to create one by setting up an investment account, but i'm > having trouble balancing the account between the cash transactions and > investment. I've read a few postings (they were complicated for me) > and know there is an issue but i couldnt find anything with a > soloution. account. A Money Market with a bank is typically a type of checking account. If this is the broker and you are entering Buys for investments such as mutual funds, then do Buys and Sells of an investment called XYZ Mutual Fund. Basic Money Glossary: Account A collective place to place transactions, investments, cash, and debt. An investment account would normally hold stocks, bonds, and/or mutual funds. There are also bank, credit, and asset accounts. Money Help item "account" gives a description. Category The Money help item "category" says "A way to sort your income and expenses into meaningful groups so you can see income and spending patterns in Money reports." That seems like a good description. Favorite Account An attribute of an account to give it easier access. See help item "favorite". Financial Institution (FI) A company such as a bank, credit card company, loan company, credit union, which takes funds from the public and deals with financial assets. Investment A security such as stock, bond, or mutual fund. See Help item "investment". Investment Buys and Sells are entered into an investment (type) account, but an account is not an investment. Normally when your broker assigns different account numbers, each account number would correspond to an account. Each account can contain many different types of investments. Money File The file that normally has the extension .mny. It contains the data for money as well as most of the settings. It can be moved, deleted, or copied by normal operating system means. See Help item "file". The Money file can be backed up to a Money backup file with a .mbf extension. Give careful thought to your backup policy. Watch Account An account that is not real, but is for the purpose of watching securities that you may not actually own. See help item "watch". Money Market Fund An investment held in an investment account that is a special kind of mutual fund: the share price is fixed at $1 usually, and Money does not put the sell transactions into the schedule D (capital gains) information. Called "money market" in Money. Sometimes referred to as MM or MMF. Bank Money Market A checking account from a bank that usually has some extra restrictions and higher interest. |
|
#-1
| |||
| |||
| Can anyone tell me how to create a money market account for an ira? I tried to create one by setting up an investment account, but i'm having trouble balancing the account between the cash transactions and investment. I've read a few postings (they were complicated for me) and know there is an issue but i couldnt find anything with a soloution. |
| Tags |
| accounts, market, money |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Money Market Accounts & Budgets Hunter in CT: Hello: I use my money market account as my primary checking account. As a result, when I view my budget, the purchase or sale of shares in the... | Microsoft Money | 1 | 10-03-2007 03:37 AM | |
| Q re Budgets and Money Market Investment Accounts Michael: Hello, My goal: I would like to include the money in my money market in the Budget Planner. My set up: I set up an Investment Account to... | Microsoft Money | 2 | 06-07-2004 05:50 AM | |
| Two money market accounts Jim S.: I recently switched from Quicken to Money 2004. I have a brokerage with two different money market funds. In Quicken this was easy because the MMFs... | Microsoft Money | 3 | 02-27-2004 05:03 PM | |
| Thread Tools | |
| Display Modes | |
| |