Money Market Funds priced at $0.01 instead of $1
I have a Prime Money Market (TPMXX) which, as all money markets are, is priced at $1, all day, everyday. MD seems to insist that the price is $0.01. I have downloaded the Security Price Entry extension and changed it to $1, but MD still doesn't reflect the change. What gives?
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1 Posted by -Kevin N. on 11 Sep, 2012 09:42 PM
Hi Scott,
When it comes to Money Market Funds, the Quotes and Exchange Rates (Q&ER) updater seems to pull the 7-day yield instead of the $1.00 NAV.
My solution is to correct the current price and then un-check the Money Market Fund in the Q&ER updater.
Since the NAV is always $1.00 there is little reason to update it.
To correct the current price, open Moneydance > Menu Bar > Tools > Securities > Select 'Prime Money Market' > Edit...
In the resulting 'Currency / Security History' form, click the 'Clear' button, change the 'Current Price' to 1 and click the 'New' button.
Click 'Done'
HTH -Kevin N.
System closed this discussion on 31 Mar, 2015 03:54 PM.