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Old 04-09-2004, 10:22 PM
Cal Learner-- MVP
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Default Re: Investment Accts w/mult accounts and transfers

In microsoft.public.money, John Aldrin wrote:

- quote -

> I'm new to Money 2004 and I'm trying to set up my investment accounts.
> I searched through the news groups and it sounds like I have to do the
> following if I want to xfer money from my checking to money market
> account.
> I have one account (same acct number) that has a index fund, money
> market and a stock fund.
> 1. Money help says to add the three accounts to the same investment
> account.


I would say you would have the three *investments* in the same
investment account.
- quote -

> 2. When I xfer money from my checking I have to xfer it to the cash
> account associated with the investment account.


Yes.

- quote -

> 3. I then have to buy shares in the Money market account using the
> money in the investment cash account.


That is one way to do it. The other way is to not enter Buys and
Sells for the Money Market Fund if the money is swept into the
account. This is the easiest way to handle it if you are entering
transactions by hand. So you would enter Buy and Sell for the stock
fund and for the index fund. Entering Buy and Sell for the MMF is
optional.

If you download from your broker, then you should follow the method
that the broker uses. By hand, you get a choice.

- quote -

> Is this correct?
> Is there a better way?


So there is more that one correct way. I recommend downloading and
following the broker's method. But also try to understand what these
transactions mean in case the broker-downloaded data was not correct
for some reason.

  #-1  
Old 04-09-2004, 07:38 PM
John Aldrin
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Posts: n/a
Default Investment Accts w/mult accounts and transfers

Hi,

I'm new to Money 2004 and I'm trying to set up my investment accounts.
I searched through the news groups and it sounds like I have to do the
following if I want to xfer money from my checking to money market
account.

I have one account (same acct number) that has a index fund, money
market and a stock fund.

1. Money help says to add the three accounts to the same investment
account.

2. When I xfer money from my checking I have to xfer it to the cash
account associated with the investment account.

3. I then have to buy shares in the Money market account using the
money in the investment cash account.


Is this correct?

Is there a better way?

Thanx

jra
 

Tags
accounts, accts, investment, transfers, w or mult
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