New Investment a/c

Steve's Avatar

Steve

12 Apr, 2016 12:06 PM

Why is the new a/c acting like a bank a/c? I click to open new a/c , select 'Investment' but the next box is for a bank a/c. The a/c appears in Investments in the side bar etc but the transactions will not allow me to buy shares with cash from another a/c. If I transfer cash into the so called investment a/c it will not allow me to buy shares i.e. show shares and price After the date the second column will not allow selection of buy shares or buy shares with cash from another a/c.

  1. Support Staff 1 Posted by Jenny on 12 Apr, 2016 12:54 PM

    Jenny's Avatar

    Hi Steve,

    Once you have an Investment account you need to create securities and add them to the account. You can then use those securities in the Investment transactions.

    You can add securities by either clicking the 'securities' tab, or by selecting the 'Actions' button at the top right of the Investment register. Then you want to enter 'buy' transactions using these securities, to enter your initial holdings. After this you want to edit the account (within Account --> Edit) to add an initial balance to reconcile your cash balance. You can read more in this article about how to enter your current holdings.

    You can see a list of investment related articles here. And please see this link to download the Moneydance user guide here, Investments are detailed in Chapter 7, Page 45.

    I hope this information is helpful. Please let me know if you have any questions.

    Jenny
    Infinite Kind Support

  2. 2 Posted by STEVE HOWARTH on 13 Apr, 2016 02:19 PM

    STEVE HOWARTH's Avatar

    Hi Jenny

    Thanks for input re an investment account.

    I am trying to set up an a/c for a shareholding in a company. I tried for a long time to record the sale of BG shares for Shell shares and cash but failed to get the outcome I wanted. I have now recorded the BG sale as a cash sale and so need to set up a Shell ShareSecurity a/c to enter the purchase of the Shell shares and leave the balance of my cash in the bank as the cash paid part of the sale.

    I don’t need an Investment a/c in which to include Securities. I need a stand alone Security a/c (for this shareholding) to sit alongside others I imported from Quicken. Your assistance would be appreciated.

    Regards

    Steve

  3. 3 Posted by Tom Freeman on 23 Apr, 2016 02:10 PM

    Tom Freeman's Avatar

    It sounds like you want you securities to be held as their own accounts. Is this what you mean?

    This is not how they are held in MD. Securities are meant to be part of an investment account. It is true that the way Quicken holds securities they do migrate over as separate accounts. But they are meant to be collected and held in an investment account.

    If I am misunderstanding what you are asking for please let me know.

    Tom Freeman
    Infinite Kind Support

  4. 4 Posted by STEVE HOWARTH on 23 Apr, 2016 02:17 PM

    STEVE HOWARTH's Avatar

    Your assumption is correct. It sounds like my purchase of shares cannot stand alone as a security.

    Thanks for your input.

    Regards

  5. 5 Posted by Tom Freeman on 23 Apr, 2016 02:30 PM

    Tom Freeman's Avatar

    Tom Freeman
    Infinite Kind Support

  6. Tom Freeman closed this discussion on 23 Apr, 2016 02:30 PM.

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