Entering securities into investment accounts

Jeff's Avatar

Jeff

24 Jan, 2024 01:20 AM

I cannot seem to get this. If I have to enter each and every security for each and every account, this is not going to work for me. Even if it was easy, I think it would take way to much time. But, the fact that I cannot figure out how to enter a security into an investment account that reflects the correct balance once entered, among other issues, is just to much BS to do.

Please tell me I am missing something about the need to do this manually. If this is the way this works, as much as I really like the other parts, banking accounts, credit cards, etc., I cannot use this program with the way these investment accounts are to be set up. Please advise if there is something I'm missing, or please let me know how I cancel the script and uninstall this program. I would love it, if it would work for me.

  1. 1 Posted by dwg on 24 Jan, 2024 02:16 AM

    dwg's Avatar

    Each security should only be defined once, Moneydance Menu option Tools -> Securities. Use the + button at the bottom to add each.

    This provides a global definite where price updates are stored etc.

    As securities are not usually used in every investment account you have, you assign the security to each account you are going to have the security in.

    That creates the basic structure.

    Getting transactions data into an investment account really depends on what data is available, in what form it is available, and how far you want to go. Some people are happy to just start with an initial holding, one way of doing this is documented in:

    https://infinitekind.tenderapp.com/kb/investment-accounts/entering-holdings

    Other people want more detailed records and there are various degrees of detail you could potentially have. For example I need to have all of the lot information and I have an investment dated back to 1982, even though the main body of accounts does not go back that far.

  2. 2 Posted by dtd on 24 Jan, 2024 02:52 AM

    dtd's Avatar

    Have you tried the Quote Loader extension which keeps security balances up to date?

  3. 3 Posted by derekkent23 on 24 Jan, 2024 08:17 AM

    derekkent23's Avatar

    I am not support staff, just a user.
    Hi Jeff.

    To add to dwg and dtd posts. Once you have set up your investment accounts with there Securities added, the upfront work, you will need to update security prices, usually on a regular basis.

    To do this try the extension Quote Loader under EXTENSIONS – MANAGE EXTENSION

    For information on the features of this extension and how to use see post 67 at https://infinitekind.tenderapp.com/discussions/investments/7595-quo...

    Download the PDF’s attached to post 67 and have a read.

    To get an overview take a look at the YouTube videos by using the links on page 1 and 2 of the PDF.

    The Quick Start Video is intended to give a quick overview so the user can see if Quite loader looks like it could work for them. The Short Video expands the user’s knowledge giving more detail. The Full Video goes even further but may be to wordy for some.

    The PDF reinforces what’s leaned in the videos, provides step by step instructions, a must read and provide answers on how to handle less obvious issues some users may come across.

    Hope this helps.

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