Mutual Funds listing "value" as "shares"

matt's Avatar

matt

19 Dec, 2015 04:14 PM

Basically, with mutual funds, if I have, say, 1000 shares with a current cost/share of $25, the value of my portfolio should be $25,000. MD, however, lists it as $1000, which is incorrect. I can see why it's doing this; it's because it lists the price of every mutual fund as 1 and is obviously multiplying the shares times the price to get the "value" whereas it should be multiply the shares times the cost/share.

Put another way, when looking at the value of my mutual fund in the summary view, it's listing my mutual fund as being worth $1000 when it's actually worth $25,000. So how I make MD list the actual cash value of my mutual fund (the cost basis really) not simply put a $ in front of the number of shares and call that the value?

BTW, this is an entirely new account with everything downloaded properly; the data is correct but MD isn't showing the proper number. Thanks.

  1. 1 Posted by dwg on 19 Dec, 2015 07:45 PM

    dwg's Avatar

    It sounds like the current price may be set to $1. It may be an idea to go into the security history window and check the prices.

  2. 2 Posted by matt on 19 Dec, 2015 08:08 PM

    matt's Avatar

    Here's a screenshot. As you can see in the register side to the left it lists a variety of prices. On the right it lists the price as 1 USD. I have no idea why it's doing this or how to change it or if it's a bug. But the prices in the register and correct and all are more than $1.

  3. 3 Posted by -Kevin N. on 19 Dec, 2015 08:37 PM

    -Kevin N.'s Avatar

    Hi Matt,

    On the page that you provided a screenshot of, click the 'History' button.
    In the resulting window, change the 'Current Price' field so as to reflect the proper value. Then click the 'New' button.

    Look through the History table and 'Remove' any errant entries of $1.00. (if any)

    HTH -Kevin N.

  4. 4 Posted by matt on 19 Dec, 2015 08:43 PM

    matt's Avatar

    For some reason it listed a price in the year 2038 as $1 - no clue why but gone now. Thanks for the help.

  5. 5 Posted by -Kevin N. on 19 Dec, 2015 08:51 PM

    -Kevin N.'s Avatar

    Hi Matt,

    You're welcome. I hope it's not a omen of things to come. :)

    -Kevin N.

  6. System closed this discussion on 19 Mar, 2016 09:00 PM.

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