shares of a stock
I admit I'm a newbie to MD and so I've had to set this program up twice already because of some stupidity on my part and a manual that doesn't quite tell me what I need to know.
At the moment I'm trying to correctly setup things in the Investment section. I've got (I think) all my brokerage accounts setup and now
I'm trying to move stocks in to those accts. without a price paid. I'd assumed that misc income would allow me to do that but I'm not allowed to enter the number of shares, so what am I missing?
Also confusing to me is that the amount I paid, that I'd listed earlier, is changed to $100 no matter what I do.
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1 Posted by iamljc1 on 31 Dec, 2021 04:39 PM
.
2 Posted by Stuart Beesley ... on 31 Dec, 2021 05:06 PM
You have to “buy” shares to get them into your portfolio.
Support Staff 3 Posted by Ethan on 02 Jan, 2022 11:23 PM
Hello,
The above post is correct. A longer description about how to enter in your initial holdings can be found at: https://infinitekind.tenderapp.com/kb/investment-accounts/entering-...
I'm not quite sure what you mean when you write that you're trying to move "stocks in to those accts. without a price paid." Were the stocks free? If not, you need to record the actual cost of the stocks and where the money came from. If you use the Buy action, the money will come out of that investment account. If you use the BuyXfr action, the money will come out of a different account that you specify. Some people decide it's not worth the time to record all of this, and use the workaround for entering in initial holdings described in the above link. Not recording your purchase history correctly will of course affect the accuracy of your investment reports.
Ethan
Infinite Kind Support
4 Posted by iamljc1 on 03 Jan, 2022 04:24 PM
As of now I hope (hope, hope, hope) that my workaround does actually work. It turns out to be just like your workaround. That is it records the brokerage accounts numbers and then add or subtract the accumulated difference in the “Bank register.” It doesn’t allow me to able to look at anything historically. Not being able to see Cap gains/loss is a pain but one I’m willing to sacrifice, for now anyway. Maybe I’ll do it if we get a few successive ranging days but it’s a lot of work.
I’m an old Quicken user so I do still recall things from those days and what you’ve done with your software to enable users to work something like they did back then is a great addition and a huge help. But I have to admit that there have already been quite a few times that I did something instinctually or because of old memories and it didn’t work-at all!
System closed this discussion on 04 Apr, 2022 04:30 PM.