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Moving from Quicken 99 - and stumped

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Jeff

16 Jan, 2024 06:27 PM

My needs are pretty basic - I just want to track my credit card charges, bills, basic income, and to track my investments, which are limited to stocks and bonds. My understanding is that in Moneydance, I can set up an investment account, and that account can hold both cash and securities. Think of something that I can use to mirror a basic Fidelity investment account, holding both stocks and cash. What I cannot figure out is how to enter the purchase of some shares of stock using money that is in the same account. I.e., I want to go to my "Fidelity" investment account in moneydance, and record that I used some of that money to buy shares of stock. I know there must be a simple way to do this.

1. 1 Posted by Stuart Beesley ... on 16 Jan, 2024 06:35 PM

   

   Yes you can.

   Assuming you have already added the security to the account..., and that you know how to buy/sell....

   When you Buy/Sell in MD, it adjusts that investment account's cash balance.

   To add/remove cash, you transfer it in... Probably with an Xfr txn in the investment account to/from the bank account (or other) where the cash is coming from.

   To create fake cash (not a good idea), Xfr to/from an income/expense category.

   Or in a bank account, you create a txn with the category set to the investment account to transfer cash that way...

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2. 2 Posted by dwg on 16 Jan, 2024 08:59 PM

   

   The Moneydance Knowledge Base has many articles on Investments that may help you:

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

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3. 3 Posted by Jeff on 21 Jan, 2024 04:00 PM

   

   Thanks. I've been able to add a stock and now it does show up with the correct reduction to the amount of cash available in the investment account. But one unexpected thing is that when I click on the Portfolio view for that account it shows the investment account pie chart as being 100% cash even though I have just used some of that cash to purchase stock. Otherwise, all the numbers above and to the right of the pie chart are correct and show the shares purchased and cash on hand. Any suggestions?

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4. 4 Posted by Argosy on 26 Jan, 2024 03:52 PM

   

   Thanks. I've been able to add a stock and now it does show up with the correct reduction to the amount of cash available in the investment account. But one unexpected thing is that when I click on the Portfolio view for that account it shows the investment account pie chart as being 100% cash even though I have just used some of that cash to purchase stock. Otherwise, all the numbers above and to the right of the pie chart are correct and show the shares purchased and cash on hand. Any suggestions?

       On Tuesday, January 16, 2024 at 03:59:53 PM EST, dwg <[email blocked]> wrote:

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5. System closed this discussion on 26 Apr, 2024 04:00 PM.