Money Market / Cash

-Kevin N.'s Avatar

-Kevin N.

27 Jun, 2009 02:48 AM

If I open the Portfolio View of an Investment Account, then click on Security Detail, then click on Edit Security. In the Type: drop down list of the resulting Account Info: form. Can a catagory be added for Money Market or Cash?

  1. 1 Posted by Ben Spencer on 28 Jun, 2009 03:30 PM

    Ben Spencer's Avatar

    Hi Kevin

    We already plan to allow for adding securities of type "other" to the next mjor release, which people could use to manually track the value of anything e,g, gold bullion or real estate. You could include your Money market account or cash under this category.

    I tend to think of a Money Market account as a checking account that pays interest. Would it not be more appropriate to use a Moneydance bank account or asset account instead of an investment account security to track such assets?


    Ben Spencer

  2. 2 Posted by -Kevin N. on 28 Jun, 2009 11:37 PM

    -Kevin N.'s Avatar

    Thanks Ben,
    I'm glad the hear that there are plans afoot to add an additional security type category.
    In THIS instance "Money Market" means the associated cash to fund the brokerage account. I should've been more clear.

  3. 3 Posted by John Selden on 29 Jun, 2009 02:47 AM

    John Selden's Avatar

    I have my money market funds in my brokerage accounts set up as type "mutual fund" and it works fine. I can't think of when I use those labels for anything anyway.

  4. 4 Posted by -Kevin N. on 29 Jun, 2009 01:00 PM

    -Kevin N.'s Avatar

    Hi John,

    I can't think of when I use those labels for anything anyway. Labeling your securities (Stock, Mutual, Bond, etc) generates an Asset Distribution chart in Portfolio View of your brokerage account. Seeing a quick asset allocation, including that of the associated cash / money market funds can be useful.
    As of now, I too am designating the associated cash / money market as Mutual.
    It seems however, that if you designate ALL holdings in a particular brokerage account with the same category, then no Asset Distribution chart is generated. Possible bug?

  5. Angie Rauscher closed this discussion on 24 Jul, 2011 06:48 PM.

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