In microsoft.public.money, ameridan wrote:

- quote -

It sounds as if you set this up as a Bond, where the Price is indeed
in percent. That's how bond prices are quoted.

- quote -

That is what you'd think, but if you try it you'll see what I mean. When I
first entered manually I used 10,000 units at $1.00 each, but that doesn't
work. It's almost as if they mean 100% , rather than $100 each.

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, ameridan wrote:

- quote -

Did you maybe mean 100 units?

- quote -

Schwab uses the Bond (Other) category for CDs. That way the maturity date,
rate, etc can be inserted. Although confusing, a $10,000 CD is 10,000 units
at $100 each, rather than the expected $1.00 each. It works nicely in an
Investment account situation.

neil154 wrote:
- quote -

How would that work?

CD's have maturity dates. When the CD matures (almost certainly
before you die; for many people, many years before they even
retire), what are the odds you'd be able to replace the matured
CD with another CD with the same rate and same number of months
to maturity ... and to do that for every maturity until you die.

If you invest in CD's, you're likely to own many different CD's
with many different rates and maturities over your lifetime.
For a planner to arbitrarily choose the rate/maturity of some CD
you currently own wouldn't provide a very reliable estimate for
your whole life.

I think planners, like the lifetime planner, want you to give
them the overall percentage growth you expect for your lifetime,
or for the length of your retirement; then they'll apply that
rate to all your "investments".

--

John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup

Dick,

Thanks for the information. You are right that Money really does nothing
with the term and rate. I use the lifetime planner extensively and was
expecting that Money would consided the rate of the CD in the lifetime
planner but no matter what term and rate I put in the lifetime planner shows
the same projection.

Again, thanks for your guidance.

"Dick Watson" wrote:

- quote -

Another thing you may be missing: the Investment Account need not even have
a Cash Account. They KEY is that what gets in the Investment Account is
Investments. You don't just transfer the cash to the Investment Account. You
Buy some number of units of a defined Investment in the Investment Account.
The transaction acts as, effectively, a conversion of the money from one
unit of valuation--dollars--to another--shares of an Investment.

Here's another difference (again, only relevant if you will hold multiple
CDs): IF you have them setup as Investments, you can keep track of when they
come up for renewal and so forth. If you did this with a Savings Account and
multiple CDs, all you'd have is one balance and the mix of CDs and rates and
maturity dates and so on would be completely washed out of the data you can
see in Money.

"neil154" <neil154[at]discussions.microsoft.com> wrote in message
news:694065BB-FD0A-4582-84D9-59895C62670A[at]microsoft.com...
- quote -

You **can input the term and rate** when defining the Investment. But Money
won't do much with this information besides display it here and there. It
won't use it to automagically reinvest or anything like that.

An Investment Account with an Investment Cash Account and no Investments is
just a lot more headache than a Savings Account.

There are other differences between the Investment Account and the Savings
Accounts besides handling multiple CDs. Things like reporting and ability to
handle different Investment types/vehicles, etc. But, again, if all you are
doing is CDs and you aren't very interested in things like performance
comparisons of the yield of various CDs, then, yes, a Savings Account is
easier and no loss.

"neil154" <neil154[at]discussions.microsoft.com> wrote in message
news:694065BB-FD0A-4582-84D9-59895C62670A[at]microsoft.com...
- quote -

I guess I was expecting something different. I expected that I would be able
to input the cd term and interest rate. I believe I understand what you are
saying but it seems no different that just making an investment account (or
savings account) and then adding the amount of the CD in the cash portion of
the account. The only differences between the investment account and the
saving account appears to be able to handle multiple CDs.

"Dick Watson" wrote:

- quote -

A Savings Account can be used. If you only ever intend to have one CD at a
time, that's probably easier.

But if you want to manage multiple individual CDs over time, then the
Investment Account is probably a better answer. But an Investment Account is
just half the problem.

Investment Accounts hold Investments. You need to define Investments and
then enter transactions that Buy, Sell, Redeem, etc., units of the
Investment. In your case, say, you are buying 1 unit of a $10,000 6 month
HappyBank CD. The Investment in this case is defined as a $10,000 6 month
HappyBank CD. You enter a Buy transaction somewhere (see below) for 1 unit
of this investment at $10,000 to be held in the Investment Account.

If you have the Investment Account defined and you transferred money into
the CD from another account, here's what you do. In the Money Account where
the money came from, enter a transaction with the special category "Buy
Investment / CD". This is like a Transfer in that it will ask for the name
of the Investment Account where this Investment is held. Then it will ask
for you to define the Investment. That's where you describe the Investment.
In the case of a CD, there isn't much to define. But the same model, more or
less, is used for mutual funds, stocks, and bonds.

See if that helps the "light bulb moment" arrive. If not, you might want to
look in online help for CD or in the sample file. Or post back with more
questions.

"neil154" <neil154[at]discussions.microsoft.com> wrote in message
news:BC7BDC83-554A-49CC-86D1-0A38271A9957[at]microsoft.com...
- quote -

I bought a CD and don't know how to set it up in Money (using Money Plus
H&B). When I tried setting it up as a bank savings account there was a note
that said I should set it up as an investment account. When I set up the
investment account it does not ask me any questions about the CD or even if
it is a CD. What am I missing. It seems like it should be a savings account.

Please help me?