setting up mutual funds

bruno's Avatar

bruno

21 Dec, 2019 12:51 AM

I just purchased an iMac and trying to setup Moneydance. Long time user of quicken on windows, but setup seems to be unclear for setting up mutual funds (probably me) I have 11 funds within 1 mural fund family. Unclear if I set up individual accounts for each fund. I then want to manually put in balances with shares and share price. Not interested in historical data. Any help would be appreciated.

  1. 1 Posted by dwg on 21 Dec, 2019 04:10 AM

    dwg's Avatar

    I'm a fellow user.

    The conventional way is to set u pan Investment account for the Investment house and add the securities made through that house to the account.

    Moneydance however allows you to set them up as you wish. Hence you can set them up either way you describe. So you can set them up to suit the way you think, or if you are downloading data to suit the way the import needs them etc.

    For example my data, none of which can be downloaded in any sort of useful way. I have set up my mutual funds so I only account for them in Moneydance at the very top level and not in the individual funds that are owned. My shares on the other hand I have a different account for each company I own shares in. So Moneydance is flexible and will not be the limiting factor.

  2. System closed this discussion on 21 Mar, 2020 04:10 AM.

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