Moving Stock

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dtd

23 May, 2023 04:06 AM

Moving stock from X to Y. MD seems to be willing to do this as a BuyXfr, but it doesn't feel right (no category, etc.)

Anyone willing to remind me that you have to sell it, move the money, then rebuy it? Or is there a better way after all?

  1. 1 Posted by dwg on 23 May, 2023 04:17 AM

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    dtd

    BuyXfr doesn't work, it does not remove the stock from the old account i.e. there is no sell/remove from the old account.

    I'm always willing to remind that the standard way is to sell at cost price move the funds and then rebuy at the cost price. :)

    The only other way is to use Stuart's move investment transactions extension to move all of the transactions for that stock.

    Given Moneydance's accounting underpinnings there is no short cut.

  2. 2 Posted by dtd on 23 May, 2023 04:47 AM

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    I'd rather do the sell/move cash/rebuy bit, as it maintains where the history lies. (i.e. schwab, then the move)

    Thanks for the reminder - as that is what I recall as well.

    Of course, I have to deal with reconciling the downloads, but that's just a normal bit.

  3. 3 Posted by dtd on 23 May, 2023 04:48 AM

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    It would be nice if there was a better way.

  4. 4 Posted by dwg on 23 May, 2023 05:05 AM

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    Accounting transactions were never designed with moving Investment houses in mind, and in any case you are just dealing with totals in such books.

    The other way is to sell at current price move and then buy. A lot can depend if you are dealing with shares or funds, funds it does not matter so much as the fund prices do not reflect returns just the net asset value of the fund.

    Shares are the investment where you have to really be concerned about using cost price.

    My funds investments are changing at the moment, no composition changes but a restructure, as I cannot do downloads, and my entry is all manual, I need to do little but change some static info.

    I did make a suggestion that Investment reports be modified so they could use the tax date so that you could use this date as the original buy date and the reports would be able to show the correct performance info

  5. System closed this discussion on 22 Aug, 2023 05:10 AM.

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