dividend entries - price paid showing $1000

kevin.brown's Avatar

kevin.brown

13 Jun, 2015 02:45 PM

If I enter a dividend on my register the only option is the dividend amount. The share value and price shows prior to the enter key being pressed. Once entered the price now shows 1000 which is totally wrong. The register entry is correct but I do not want to see 1000 as a price.
I have noticed that any value enter on the investment register that is less than 0.00 is shown as a 1000.
On 2014 version I would rejig my register to show a profit on my dividend reinvestment by buy a share at $0. Now in 2015 version it shows that I paid $1000.
This is basic maths

  1. 1 Posted by Tom Freeman on 16 Jun, 2015 10:05 PM

    Tom Freeman's Avatar

    The 100, sometimes 10000 is a placeholder value. It does not affect cost basis or other investment metrics.

    Tom Freeman
    Infinite Kind Support

  2. 2 Posted by kevin.brown on 16 Jun, 2015 10:54 PM

    kevin.brown's Avatar

    So why do I see it on my ledger. If the cost is entered as zero then why can’t I see zero

  3. 3 Posted by dwg on 16 Jun, 2015 11:57 PM

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    Tom,

    While you may need a placeholder in the data record, I believe in the register the user interacts with Moneydance should show nothing, i.e., there should be nothing showing in the cost field. Even a greyed out value is misleading.

    Des

    Des

  4. 4 Posted by kevin.brown on 19 Jun, 2015 05:47 PM

    kevin.brown's Avatar

    This is what I mean......0 should show 0 not 1000 even greyed out. If I look back through the history then it is misleading. You're taking a very personal view on what you think the customers should have.
     
    0 should show 0 should show 0 should show 0
     
    Kevin Brown
     
    --------- Original Message --------- Subject: Re: dividend entries - price paid showing $1000 [Investments #192]

  5. 5 Posted by Ben Spencer on 21 Jun, 2015 04:37 PM

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    While it is just a display issue, the value in this field is not used in any calculations, there should be nothing shown in this field when the transaction is of type div. I have a bug ticket for this issue..

    Ben Spencer
    Infinite Kind Support

  6. 6 Posted by kevin.brown on 21 Jun, 2015 05:18 PM

    kevin.brown's Avatar

    OK Blank works for me.

     

    I do all this because I want to show my dividends as profit….

     

    I transfer funds out from the register then purchase stock/etf at $0.

  7. 7 Posted by dwg on 21 Jun, 2015 09:41 PM

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    Dividends in the hands of the recipient are normally classed as income.

    Why are you purchasing shares at $0? What is behind this transaction, in other words how are you getting shares without payment? This affects the cost basis and hence can impact capital gains.

  8. 8 Posted by kevin.brown on 22 Jun, 2015 02:11 AM

    kevin.brown's Avatar

    This is my way of dealing with my profits. I’m not a professional investor and Moneydance is not a professional tracker otherwise it wouldn’t have been released with so many bugs.

     

    I not getting into what’s right and wrong about my philosophy. I swapped back to 2014 some time ago because of all the problems. I recently retried 2015 but still didn’t like the issues that I see as different from 2014. Which version has it wrong – 2014 or 2015.

     

    Kevin B

  9. 9 Posted by drdgolya on 11 Nov, 2015 10:41 AM

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    Can not understand the MD response. Many charts are incorrect (Net worth), price histories of investments, investment performance etc. All because whenever a dividend is entered the share price is set to 1.

    If I had known about this bug I would not have purchased MD,- it is not fit for purpose if you have investments.

    Want a refund if it i not solved ASAP.

  10. 10 Posted by Tom Freeman on 11 Nov, 2015 05:19 PM

    Tom Freeman's Avatar

    I am not experiencing this behavior. How are your transactions coming into Moneydance, direct download or qif import?

    Tom Freeman
    Infinite Kind Support

  11. 11 Posted by drdgolya on 07 Dec, 2015 12:10 PM

    drdgolya's Avatar

    I have attached a report on an investment trust. Note: Moneydance thinks
    the return is -79.42%, it is clearly not.
    This error affects so many investments that this part of the software is
    useless.

    A report 'Investment Performance' is just crazy as so many the reported
    return crazy number like -20000% !!!

    [image: Inline images 1]

    Regards

    Dr David Golya

    11 Wordsworth Walk
    Hampstead Garden Suburb
    London
    NW11 6AU

    t: 020 84555 249
    m: 0750 6711377

  12. 12 Posted by Tom Freeman on 08 Dec, 2015 06:11 PM

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    The -79% in the securities detail window is not your return it is the ratio between your cost basis and the current value.

    One of our developers has been working on improving the investment metrics in our reports. If you could send a screen shot of an investment report showing these values and let us know which version of MD you are using.

    Tom Freeman
    Infinite Kind Support

  13. System closed this discussion on 19 Mar, 2016 04:54 AM.

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