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#1
08-08-2008, 09:55 PM
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 Re: Record Exchange of Shares? "Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message news:02cp94tgu781gcq88vh4p47s5gk1umn4dm[at]4ax.com... - quote - > In microsoft.public.money, Paul Hand wrote:
Cal - Thanks for yor reply. I used your split/rename approach and it went> > As part of a buy-out, stock I owned has been exchanged for shares in the > > surviving company, i.e. 100 shares of X Company were exchanged for 460 > > shares of Y company. What is the best way to record this in Money (2007)? > While you might handle this by recording a merger > (Portfolio-> RecordASpecialActivity-> RecordAMerger), I would do it > differently if I did not originally have both companies in your > Money file. > I would change the symbol for Y to X, rename the stock from Y to X, > add an appropriate comment, and do a 5:3 (or 100 for 460) split. > That will better maintain the performance display and make the basis > more clear. > For download purposes, if you download a remove 100 shares of X, > tell Money that is some other company. I like to have a fake stock > named Bogus1 already defined for the purpose. If you download an > AddShares of 460 shares of Y, tell Money that is already in your > account as Y. Then void any AddShares or RemoveShares that result in > your register. > You could try it both ways to see which you like better. To do that, > copy your *.mny file to a new file name. Open each to make the > change. Go with the one you like best. The RecordAMerger is the more > straight forward way, but I remember not liking some aspect of how > that worked. very well. |
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08-08-2008, 08:57 PM
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| Re: Record Exchange of Shares? In microsoft.public.money, Paul Hand wrote: - quote - > As part of a buy-out, stock I owned has been exchanged for shares in the
While you might handle this by recording a merger> surviving company, i.e. 100 shares of X Company were exchanged for 460 > shares of Y company. What is the best way to record this in Money (2007)? (Portfolio-> RecordASpecialActivity-> RecordAMerger), I would do it differently if I did not originally have both companies in your Money file. I would change the symbol for Y to X, rename the stock from Y to X, add an appropriate comment, and do a 5:3 (or 100 for 460) split. That will better maintain the performance display and make the basis more clear. For download purposes, if you download a remove 100 shares of X, tell Money that is some other company. I like to have a fake stock named Bogus1 already defined for the purpose. If you download an AddShares of 460 shares of Y, tell Money that is already in your account as Y. Then void any AddShares or RemoveShares that result in your register. You could try it both ways to see which you like better. To do that, copy your *.mny file to a new file name. Open each to make the change. Go with the one you like best. The RecordAMerger is the more straight forward way, but I remember not liking some aspect of how that worked. |
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#-1
08-08-2008, 07:37 PM
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| Record Exchange of Shares? As part of a buy-out, stock I owned has been exchanged for shares in the surviving company, i.e. 100 shares of X Company were exchanged for 460 shares of Y company. What is the best way to record this in Money (2007)? Thanks for any help. |
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| exchange, record, shares |
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