Thanks all for your advices; I decided to take the easy way: I am ignoring
the switch to the "Money market" and keep adding the monthly interest in the
"cash account". I do not deal with millions of $ so it is not a big deal.
Thanks again
Fritzly

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:vkpm04h97n2jg8jeda4tg0h929n6k1h4ev[at]4ax.com...
- quote -

In microsoft.public.money, Steve wrote:

- quote -

Nice writeup.

Note that some broker downloads follow mostly number 2, and some of
those add a dividend transaction for the MMF rather than an interest
payment. The side effect is there is the apparently ultra-high yield
security. :-)

I think it's best to download and go along with the method that
broker uses-- even tho it is not the ideal or may not match the
method you use in another account. That is one advantage to not
downloading: you can do everything to a single consistent "right"
method. I have no problem using various "right" methods.

In microsoft.public.money, Fritzly wrote:

- quote -


By hand, the easy way is to not enter Buy and Sell transactions for
the "Money Market". Do not enter a transfer to move the money. Enter
an interest income item monthly if you are paid. Enter an investment
interest transaction if you pay margin interest at some time. If you
are to continue entering by hand, that is the method of choice.

Now you could enter Buy and Sell and Dividend transactions for an
investment called "Money Market". With a classic money market, that
is fairly common for download -- depending on the broker. It varies.
I wouldn't like to enter those by hand tho. A normally-zero balance
makes it much easier to find a longer-term discrepancy.

You seem describe a more complex method where you do Transfer to a
separate "Money Market" account. That does not seem to offer
advantage over the simpler way of having a non-zero balance in the
cash transactions account.

I wonder if T+3 and T+1 transaction settlement might somehow mess up
your analysis and balancing to your paper statement. While you have
unsettled trades, the cash transactions would be non-zero for the
interval. Probably not messing you up, but just an idea to consider.
http://www.investopedia.com/ask/answers/03/061303.asp
http://www.investorwords.com/4514/settlement_date.html

What makes you paranoid about downloading? TD Ameritrade has their
own OFX server system, so downloads go directly from TD Ameritrade
to Money. No third party involved. You might have to adjust things a
bit, but that is generally significantly easier than entering all of
the data yourself.


- quote -

"Fritzly" <Fritzly[at]nospam.msn.com> wrote on 19 Apr 2008 in group
microsoft.public.money:

- quote -

Most likely, Ameritrade is temporarily investing your cash in an in-
house security:
* You put $1000 in your account.
* Ameritrade immediately buys 1000 shares of "Money Market" (MM).
* A few days later, they sell the MM shares and buy $1000 worth of
Amalgamated Sprocket (AS), as you told them to.
* AS declares a dividend the next week and you make $250.
* The $250 is deposited to the cash account.
* Ameritrade immediately buys 250 shares of MM.
* Ameritrade sells the 250 shares of MM and buys $250 worth of AS, since
you told them to reinvest dividends.

They've probably been doing this all along, but recently changed the
statements. My broker, Ameriprise, did this awhile back.

What you can do about it:
1. Track every purchase and sale of MM.
2. Ignore the MM transactions and pretend to yourself that they are
cash.

I chose #2. I tried for awhile to track the purchases, but it got to be
very involved. I gave up the tracking, and I just remember when I
balance the statement to ignore the MM transactions.
--
Steve B.
New Life Home Improvement

Thanks for your super fast reply; the "problem" is that now the TD monthly
statements show no transactions in the account Money records in the "cash
register". They added a new account called "Money Market" which, in the TD
statement, is listed in the "Security Positions" segment together with the
stocks I own but also under the "Money Balance summary"; this means that I
am unable to to reconcile the account because, in Money, the "cash register"
correctly reports $0 value ( the money was moved to the Money Market) but
the TD statement treats the newly created account as a "cash" one which
shows the cash amount I have plus monthly interests and dividends I receive.
I do not update my accounts online, I do it manually; yes I am a little bit
paranoid. :-)
Have a nice week-end.
Fritzly




"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:srgl04hm6l2ggudhqtg2lh0echckhf83df[at]4ax.com...
- quote -

In microsoft.public.money, Fritzly wrote:

- quote -

When you just download transactions, what happens? Each Buy
decreased the CashTransactions account balance, and Sell or Dividend
increases the CashTransactions account balance.

The thing you want to describe is what transactions get downloaded
regarding the "Money Market" account. Are they monthly only or each
time you have a transaction? Are the monthly "Money Market"
transactions downloaded as Reinvest Dividend, or Interest
transactions ?

Based on that info, we can think about how to handled this most
easily. Note there were two specific questions asked in the previous
paragraph.

I have brokerage account at Ameritrade; I created it in Money 2008 and now,
under "Investments Accounts" I have an Ameritrade account that includes a
"cash" and an "Investments" ones. My problem is that lately TD Ameritrade
created a "Money Market" account where any cash amount is transferred until
reinvested in stocks. What I would like to do is to add a new "account" to
the Ameritrade group but I have not found a way to do it. Money help advise
to enter the amount withdrawn from the "cash" account to the "Investments"
one but to me it does not seem an optimal solution also because I should
keep adding the monthly interest to the "Investments" account and it does
not make much sense.
TIA
Fritzly