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Setting Up Mutual Fund - IRA

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matt gahr

06 Dec, 2025 05:09 PM

How do I set up an IRA Mutual fund so that:
1) I don't have to track all of the individual investments within the Mutual Fund
2) Can show distributions

To date, I have set it up as one share and price equal current value of the Fund. However, now I am starting to take distributions and I see that THAT method is not going to work. I thought about changing to the reverse the above by showing value = number of shares and set share price at $1, but then as I update the value and will have to show increase / decrease of the number of shares.

Suggestions would be greatly appreciated. (I really don't want to have to track all of the individual items within the portfolio as they are constantly changing.)

1. 1 Posted by mhoggie on 06 Dec, 2025 07:38 PM

   

   just a user,

   Is this a security where the price changes? Or just a money market with $1 price?

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2. 2 Posted by dwg on 06 Dec, 2025 09:15 PM

   

   Typically I will initially buy at $1 per shares and the number of shares - the number of units.

   I use a spreadsheet to calculate a new unit price based on the value of the investment at monthly intervals that I add as a new dated price, just like with shares, I manually enter this price using the Security price entry extension.

   For new funds or withdrawals, I calculate the price on that day and just use that to determine the buy or sell transaction. The price is used to also calculate the number of units for the transaction.

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3. 3 Posted by Matthew Gahr on 06 Dec, 2025 09:41 PM

   

   It is made up with several securities and bonds with buys and sells constantly. As I make withdrawals I will see which individual is sold to convert to cash. I just don’t want to track at that level of detail, really want to know overall value AND be able to transfer to appropriate accounts. 
   Probably not realistic. 

   Sent from AT&T Yahoo Mail for iPhone

   On Saturday, December 6, 2025, 3:16 PM, dwg <[email blocked]> wrote:

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4. 4 Posted by dwg on 06 Dec, 2025 10:03 PM

   

   That is what the method I described does, it only monitors and tracks the fund at the aggregate level.

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