tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/7789-setting-up-an-investment-account-in-mdInfinite Kind: Discussion 2023-09-11T08:01:12Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/590900222023-06-11T23:41:47Z2023-06-11T23:41:47ZSetting up an Investment account in MD<div><p>Here's how I would do it:<br>
The investment account initial balance would need to be the total of each purchase price of the 4 securities. You can check this by going to "edit account" and entering the initial balance. This will update the cash balance in your investment account register.<br>
Then you need to enter a purchase transaction representing the initial purchase transaction of each security - on the original date purchased.<br>
You can then change your security price to the current value.</p></div>Ryantag:infinitekind.tenderapp.com,2009-01-14:Comment/590900222023-06-11T23:57:36Z2023-06-11T23:57:36ZSetting up an Investment account in MD<div><p>I'm a fellow user.</p>
<p>A beginning balance in Moneydance is a beginning cash balance, never an initial share holding. As Ryan said one way of getting the initial funds is to edit the Account Information.</p>
<p>Now for your initial holdings, and by initial holdings I mean the stock you own before using financial software like Moneydance.</p>
<p>If you are talking about mutual funds then I would do what Ryan has suggested.</p>
<p>If however these are shares I would enter each buy/sell transaction. This is because there are different methods of handling the cost basis and having all buy/sells facilitates this, but this is irrelevant with funds.</p>
<p>In general terms for every security you own you set up the security information once and once only, even if you own the security in multiple accounts, there are cases for doing it differently but it is unusual and if you need to do that you are likely to be experienced and understand the ramifications. You then just assign/allocate the security to each account you will be buying selling that security in.</p>
<p>There are basic Knowledge Base articles on using Moneydance, including investments the entry point is:</p>
<p><a href="https://infinitekind.tenderapp.com/kb">https://infinitekind.tenderapp.com/kb</a></p>
<p>They will not cover the more advanced Investment activities, I doubt if Moneydance has staff experienced in those so it will be the more advanced & experienced users who can provide guidance.</p></div>dwg