tag:infinitekind.tenderapp.com,2009-01-14:/discussions/general-questions/489-combining-investment-accountsInfinite Kind: Discussion 2011-07-24T18:53:11Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-20T14:47:26Z2009-08-20T14:47:26ZCombining investment accounts<div><p>Hi John</p>
<p>I am afraid it is not possible to merge investment accounts in
the way you describe. I recently had the same issue when I wanted
to transfer a security from one investment account to another and
noticed the problem with batch changing the account on
transactions. I spoke with the developer about this and he told me
that it was not possible and that the only way to do is is to do a
SellXfer in the original account and then a Buy in the destination
account. You must do the sell and the buy at the same price and I
recommend that the price be the original purchase price of the
security such that the gain is the same.</p>
<p>I am sorry for the inconvienience.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-22T03:12:09Z2010-02-13T18:48:58ZCombining investment accounts<div><p>Hi Ben,<br>
When I first read your post, I thought I understood, but when I
looked at my accounts, there are hundreds of transactions across
the accounts. Would I have to do a SellXfer for each transaction in
the original account and then another buy for each transaction in
the destination account? Because I make monthly purchases of 5-6
securities, there are tons of transactions, times two. Clearly, I
don't think that will be possible because of the number of
transactions. Is there any kind of shortcut to doing this?</p>
<p>John</p></div>jlwoodardtag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-22T21:19:10Z2009-08-22T21:19:10ZCombining investment accounts<div><p>Hi John</p>
<p>You would not have to do a SellXfer for each transaction only
for each security currently held. I relaize that for a large number
of securities this could be a time consuming undertakeing.</p>
<p>I am sorry for the inconvienience.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-24T15:56:32Z2010-02-13T18:48:58ZCombining investment accounts<div><p>Thanks Ben. If I make a SellXfer into the new account, I assume
that I'll have a certain cash value in my new account. When I buy
shares at the original purchase price in the new account, I will
end up "spending" more than the cash value, since due to the market
downturn, I have negative returns on these investments. How do I
deal with the negative cash balance that will show up in the new
account?</p>
<p>As an aside, is there anything the developer could do to add an
easier way of doing in-kind transfers like this? Since you
mentioned you had the same problem, I am sure more people than you
and I will have this issue. Having to essentially reenter
transactions twice kind of negates any benefit of using a personal
financial management program.<br>
John</p></div>jlwoodardtag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-24T16:09:29Z2009-08-24T16:09:29ZCombining investment accounts<div><p>Hi John</p>
<p>A SellXfr will transfer the value of the sale to the account
specified. So if you then buy at the same price you sold at there
will be no change in the cash balance of the account.</p>
<p>There exists a long standing ticket in our issue tracking system
proposing to allow for the transfer of securities. Here is a link
to the ticket:</p>
<p><a href=
"http://moneydance.com/trac/ticket/892">http://moneydance.com/trac/ticket/892</a></p>
<p>If you register and log in to trac you an vote on tickets. We
use the number of votes tickets get to help us determine what we
will work on next.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-24T17:23:47Z2010-02-13T18:48:58ZCombining investment accounts<div><p>Thanks very much, Ben. I'm still a little unclear on how to do
this. I have several mutual funds in my retirement portfolio. Every
two weeks, I buy shares of 6 different mutual funds. Every purchase
is for a different number of shares at a different purchase
price.</p>
<p>It sounds like I would have to do a SellXfr for each of those
transactions, so that I could then Buy each of those transactions
for the original purchase price. So it sounds like entering similar
information twice, once for the SellXfr and once for the Buy. Do I
have that correct? Many thanks in advance, Ben.</p>
<p>John</p></div>jlwoodardtag:infinitekind.tenderapp.com,2009-01-14:Comment/3138742009-08-24T17:49:59Z2009-08-24T17:49:59ZCombining investment accounts<div><p>Hi John</p>
<p>Yes, I believe you have that correct. I realise that is quite
inconvenient and am sorry for the trouble this is causing.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencer