Entering investment certificates (GIC's).. CD's?
I want to enter Guaranteed Investment Certificates (GIC's). Do I add them as investment accounts and then as Bonds - government? I want to be able to add a maturity date and "Bonds -Government" have that field
How do I input 3 GIC's that have a common account number plus one other GIC and then GIC's from different banks? Is each one a different investment account? I need step by step instructions on how to, specifically, enter sets of simple GIC's. I know nothing about Stocks and bonds and all the terms that go with it.
Christine
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1 Posted by Christine on 23 Oct, 2015 04:45 PM
If I have each GIC as a separate investment account, where do I put the interest rate and the maturity date?
2 Posted by Christine on 23 Oct, 2015 04:54 PM
Do I need to add anything in the transaction fields? Or only after the GIC matures?
3 Posted by Tom Freeman on 23 Oct, 2015 09:09 PM
I have limited experience with GIC's so if I make a wrong assumption please let me know.
Each financial institution that holds GIC's should be listed as an account. If the GIC's are the same you can list them as the same security, if they are different you can set them up as separate sensitivities.. I would set them up as bonds, face value of $1, with the GIC maturity date , and return rate as apr. You can name the bonds what you wish. You can use the account number and hyphenate with number or letter to differentiate.
The buy transaction would be share price of $1 and share count equal to the value of the GIC. This make rolling over interest easy, as you would first make a miscinc transaction for the interest then do a buy transaction for the number of shares equal to the interest.
If this doesn't fit the GIC's please let me now and please be specific and I will help figure out a way to enter them into MD.
Tom Freeman
Infinite Kind Support
System closed this discussion on 19 Mar, 2016 05:01 AM.