tag:infinitekind.tenderapp.com,2009-01-14:/discussions/general-questions/297-setting-up-a-mutual-fundInfinite Kind: Discussion 2011-07-24T18:51:45Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-14T16:18:19Z2009-06-14T16:18:19ZSetting up a mutual fund<div><p>First, you create an investment account, which you do under the
menus: Account > New Account. After you create the investment
account, you have to add securities to the account (i.e., add all
the mutual funds, etc., that you hold in the account). To do that,
select the account from the home screen, and then go to the
Securities Detail view. Click on "Add Security" and add each of the
funds in which you have holdings.</p>
<p>Then you have to enter your holdings (i.e., the number of shares
you hold in each fund). The most straightforward way to do that is
to just manually enter all of the account transactions to date into
the register.</p>
<p>If you have too many historical transactions to enter manually,
and just want to start from your current balances, that's a
different kettle of fish, but I won't go into that unless that is
what you plan to do.</p></div>John Seldentag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-14T17:28:39Z2009-06-14T17:28:44ZSetting up a mutual fund<div><p>Hi</p>
<p>Thanks for your reply. What I want to do is the different kettle
of fish. I have a lot of old transactions and want to start from my
current balance.</p>
<p>Your assistance is sincerely appreciated.</p>
<p>CRK</p></div>CRKtag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T00:02:35Z2009-06-16T00:02:35ZSetting up a mutual fund<div><p>If you start from the current balance and don't enter all the
historical transactions, then you won't be able to use Moneydance
to track capital gains. This is true for all personal finance
software, of course. This might be acceptable if, for example, the
account is a tax-deferred account like a 401(k) where you don't
have to worry about capital gains, or you just don't ever plan to
track capital gains with Moneydance and instead rely on your
brokerage to keep track of those for you, as I'm sure many people
do.</p>
<p>If that's still how you want to proceed, all you need to do is
enter a buy transaction for all the shares of each security you own
in the account. For example, if you own 50 shares of XYZ stock, you
just enter a single buy transaction for 50 shares (even if you
purchased them over time), using the current market value. The
share price for this dummy transaction will be a meaningless number
and is not important. The date on these dummy transactions also
doesn't matter (I used Dec. 31, 2008). Once everything is entered,
your account will show a large negative cash balance. Enter that
number in the "Edit Account" window as the starting account balance
(without the negative sign, of course) and you should be all
set.</p></div>John Seldentag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T16:20:02Z2009-06-16T16:20:02ZSetting up a mutual fund<div><p>Hi:</p>
<p>Thank you for your help. I will try to implement it later this
week.</p>
<p>Chuck</p>
<p>The Buddhas do but tell the way, it is for you to labor at the
task. – The Buddha</p>
<p>You are what you believe. – Anton Chekhov</p>
<hr>
<p>From: Infinite Kind Support <a>support@moneydance.com</a> To:
ckorrol@yahoo.com Sent: Monday, June 15, 2009 8:03:15 PM Subject:
Re: Setting up a mutual fund [Questions]</p></div>Charles Korroltag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T18:39:37Z2009-06-16T18:39:37ZSetting up a mutual fund<div><p>Charles,</p>
<p>Your signature quotes are wonderful!</p>
<p>John,</p>
<p>That you very much for helping Charles.</p></div>Brian Adlertag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T19:04:14Z2009-06-16T19:04:14ZSetting up a mutual fund<div><p>Thank you</p>
<p>The Buddhas do but tell the way, it is for you to labor at the
task. – The Buddha</p>
<p>You are what you believe. – Anton Chekhov</p>
<hr>
<p>From: Infinite Kind Support <a>support@moneydance.com</a> To:
ckorrol@yahoo.com Sent: Tuesday, June 16, 2009 2:41:12 PM Subject:
Re: Setting up a mutual fund [Questions]</p></div>Charles Korroltag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T20:07:44Z2009-06-16T20:07:45ZSetting up a mutual fund<div><p>I had this exact question myself, so thanks for the thread. A
follow on question: Given the advice to enter all transactions, how
do I do that if the history goes back further than I intend to do
for the rest of my info. For instance, I don't intend to enter any
history into Moneydance priot to 7/1/09, for example, yet all my
investment buys are done through transfers from checking, saving,
etc.</p></div>Miketag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-06-16T21:38:52Z2009-06-16T21:39:20ZSetting up a mutual fund<div><p>For investment purchases that pre-date your checking account,
just take a similar approach to what I outlined above. Enter the
purchases using a Buy transaction so that the funds come out of the
investment account's cash balance. Once you've entered all those
old transactions, you'll have a negative cash balance. Enter that
number as the starting balance for the investment account, which
will zero out the cash balance. That should take you up to the date
from which you will be tracking your other accounts. From that
point forward, enter all transactions like normal (using cash
transfers from checking or BuyXfr etc.).</p></div>John Seldentag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-07T10:18:38Z2009-07-07T10:18:40ZSetting up a mutual fund<div><p>Hi John</p>
<p>I do wish to use MD to track capital gains and found your thread
very helpful. However, when I enter the historical data it is
overwritten ie; the share price changes when I enter the cost and
vice versa. It's presumably referencing today's prices. Is there
any way to stop this happening?</p></div>Monicatag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-07T13:58:09Z2009-07-07T13:58:12ZSetting up a mutual fund<div><p>Hi John,</p>
<p>Please ignore my last post as I've managed to figure it out.</p>
<p>However, I cannot get the stock prices to update from the
historical figure I've used. There is activity in the bottom left
of the page re: updating via the forex and synchroniser extensions
so I'm assuming the trackers are correct with an L extension for
London, ie; MCUAA".L" for Blackrock UK Absolute Alpha Fund Class P,
but the information in the investment portfolios remains the
same.</p></div>Monicatag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-13T11:19:43Z2009-07-13T11:19:48ZSetting up a mutual fund<div><p>I cant seem to find any thread on this. Any ideas pleas?<br></p>
<p>I am unable to get my stock prices to update from the historical
figure I've used. There is activity in the bottom left of the page
re: updating via the forex and synchroniser extensions so I'm
assuming the trackers are correct with an L extension for London,
ie; MCUAA".L" for Blackrock UK Absolute Alpha Fund Class P, but the
information in the investment portfolios remains unchanged.</p>
<p>NB I tested using Medinax details from a forum query here and
that one works fine.</p></div>monicatag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-25T19:38:07Z2009-07-25T19:38:07ZSetting up a mutual fund<div><p>Hi Monica</p>
<p>Moneydance gets it quotes and price history for securities from
a service provided by finance.yahoo.com</p>
<p>This yahoo service is quite extensive and however it does not
list everything. If you go to finance.yahoo.com and enter MCUAA.L
you get a message saying that "There are no All Markets results for
MCUAA.L"</p>
<p>I am afraid that means they do not list that security, this
means Moneydance cannot automatically update the price for that
security. You'll have to update the price manually.</p>
<p>Click Tools->Edit Securities</p>
<p>Select the security you want to update.</p>
<p>Click the Edit button</p>
<p>Enter a new price in the "Current Price" box and click the new
button.</p>
<p>I am sorry for the inconvenience.</p>
<p>We are considering connecting to the finance.google.com servers
as well as the yahoo one as that would provide a more comprehensive
set of prices. And I do not have a time line for when such a
connection might be made.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-27T12:36:27Z2009-07-27T12:36:28ZSetting up a mutual fund<div><p>Hi Ben,</p>
<p>Thanks for getting back to me.</p>
<p>Kind regards<br>
Monica<br></p></div>monicatag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-07-27T20:07:31Z2009-07-27T20:07:31ZSetting up a mutual fund<div><p>Monica</p>
<p>You are welcome. I am sorry I was not able to resolve your
problem.</p>
<p>Ben</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-08-01T06:41:04Z2009-08-01T06:41:08ZSetting up a mutual fund<div><p>Hi Ben,</p>
<p>I've got another little related query if you don't mind.</p>
<p>I input HSBC Indian Equities with ticker symbol: 5115329 and was
delighted to see all the history come up. I did a few more on that
investment account and they also worked.</p>
<p>However the following week all the stock information had
disappeared and it no longer updated. When I checked on Yahoo
finance none of them were supported. I'm just wondering how that
could happen it seems rather odd.</p>
<p>I'm not sure if this is relevant but the investment account is
in USD and it is automatically converting to GBP on my home
page.</p>
<p>Thanks<br>
Mo</p></div>monicatag:infinitekind.tenderapp.com,2009-01-14:Comment/2001332009-08-10T21:04:49Z2009-08-10T21:04:49ZSetting up a mutual fund<div><p>Hi Monica</p>
<p>I am sorry I haven't responded sooner.</p>
<p>I am afraid that we are currently at the mercy of the folks over
at yahoo for our stock price histories and quotes. From time to
time they have removed support for a very limited number of
symbols. (Strangely and some what unrelatedly this is particularly
true for Canadian mutual funds). If yahoo have decided to no longer
provide quotes for the symbol you are interested in the there is
currently nothing we can do.</p>
<p>I can think of no reason why the currency conversion would have
an impact on this.</p>
<p>I am sorry for the trouble this is causing you.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencer