I am trying to learn how to use the investment features

noslow's Avatar


06 Oct, 2017 09:39 PM

I have TIAA, TD Ameritrade, Oppenheimer, and American Equity investment vehicles. I have begun to attempt to enter data to get a view of these. I started with TD Ameritrade. I have tried to enter the initial transfer from a discontinued investment into TD Ameritrade but I am running into some difficulties. I cannot the quantity of shares of the securities. Total Market Value I can enter but it is difficult and only after I enter the transaction, then I must go back and edit the transaction to enter the Market Value. The Summary page does not reflect the securities that I have entered and getting them in is also difficult.So I think I have failed to enter the data properly.

  1. 1 Posted by dwg on 06 Oct, 2017 11:47 PM

    dwg's Avatar

    Hi Walter,

    I suspect you may be right, Investment accounts work differently from Bank and other account types.

    When you create an Investment account it creates a structure into which you have to add securities to, you can think of it like a Brokerage account, once you have such an account you can trade in shares, so in the normal course of events the account contains shares securities and it can also contain cash. The cash is usually either there to buy more shares with or is a result of selling shares or receiving dividends and you are going to either buy more shares with it or transfer the money to say a bank account.

    So the process of setting up investments is to create the Investment account, then you need to create securities and add these securities to the Investment Account. Creating the securities in Moneydance is really setting up the static information that a security has, like its name, Ticker symbol etc.

    Moneydance does it this way because you could have more than one investment account and you may happen to hold the same security in multiple accounts (more likely with mutual funds) so you only define the Security once but you can add it to more than one account.

    Once you have done that you can transfer cash into the account then use it to Buy the security in question, you can only add your holdings of a security through a buy type of transaction

    From what you have described I think it is possible that you may not have defined and/or added the security to the investment account.

  2. 2 Posted by noslow on 07 Oct, 2017 12:54 AM

    noslow's Avatar

    I tried to place the securities by a security transfer. From what you say, it does not work that way. When I set up a security, how do I indicate the number shares and the price. These two factors determine the Market Value at the time of transfer.
    Also, when I set up the investment account I gave it the value of the account according to the summary page I had. Now it claims to have twice the value that it is worth. How do I delete the erroneous data?

  3. 3 Posted by derekkent23 on 07 Oct, 2017 09:59 AM

    derekkent23's Avatar

    I am not support staff, just a user.

    Take a look at the investment section of the knowledge base at http://help.infinitekind.com/kb/investment-accounts
    It covers “Creating an Investment Account”, “Adding Securities”, “Entering Holdings”, “Investment Account Registers” and more.

    Hope this helps.

  4. System closed this discussion on 06 Jan, 2018 10:00 AM.

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