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transfer previously owned stock. Not online!

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1. 1 Stuart Beesley (Mr Toolbox) on 30 Sep, 2019 08:46 AM

   If you mean how to transfer stock between two investment accounts, perform a fake sell in the from account, xfr the cash, then a fake buy in the to account

2. 2 Tena Doan on 02 Oct, 2019 08:58 PM

   Hi Stuart,

   My problem is that I’ve just started with MD and have owned this particular stock for a long, long time … originally a gift back in the 1980’s. I certainly don’t want to go back that far and I do not want to open my accounts to the web at all … not even to download from Quicken or Vanguard. (We have several accounts with Vanguard, some with identical holdings. Quicken screwed things up royally back in the late 90’s when I tried it.)

   Really, I’d just like to add in several holdings, without cost. We both retired over 20 years ago, so are not really adding savings, just gradually spending down assets.

   I quit Quicken cold and don’t have any holdings in an account to "fake sell" them from. I need to just add them to keep track of what we have.

   Thanks, Stuart, for your help!
   Tena Doan

3. 3 dwg on 02 Oct, 2019 09:39 PM

   I'm a fellow user.

   There are no "Add" functions in Moneydance, so the method to add in an existing stock holding is with a "buy" transaction.

   Using the original buy price perform a but transaction. This will give a negative cash balance in the account, adjust this back to 0 by placing an initial balance amount in the appropriate field in the Account Information screen.

   Also see the following article for a discussion on an alternative method:

   https://infinitekind.tenderapp.com/kb/investment-accounts/entering-holdings

4. 4 Stuart Beesley (Mr Toolbox) on 02 Oct, 2019 10:12 PM

   Hi. Easy. Create an investment account, then perform a buy transaction for the stock using the original purchase price and number of units. It will prompt you to add/create the security. Should take about 20 seconds.... You could then amend security history and add the latest price into the history.

   Regards Stuart

5. 5 Tena Doan on 03 Oct, 2019 03:17 AM

   Thanks, dwg and Stuart.

   It does sound pretty simple. I keep running into problems with being on the wrong spot (wrong screen) when I try to do things. I suppose I’ll have it figured out eventually.

   dwg, I especially appreciated your link! Obviously, I don’t want to go back to the original. I have no idea what the original price was or even how many shares I had originally.

6. 6 dwg on 03 Oct, 2019 04:05 AM

   To give some sense to how much in capital gains you would have and assuming you still have some access to data via vanguard - even if you do not download anything you should know how many shares you own, if you can access the total cost of the shares you could work out the average cost and use that.

   If you have nothing you can enter the number of shares in the buy transaction at a 0 cost per share.

   Both of these methods get the current holdings into Moneydance but are not valid in calculating capital gains for taxation purposes.

7. 7 Tena Doan on 03 Oct, 2019 04:25 AM

   I do know how many shares we own now and Vanguard does figure the capital gains on pretty much everything. It’s just that we’ve bought and sold shares of a couple of stocks from time to time. The original no. of those is long gone.

8. 8 dwg on 04 Oct, 2019 03:21 AM

   If Vanguard can give you the current unrealised capital gain on the shares you own i.e. the gain you would have if you sold all shares today, you would also know how much you would receive if you sold the shares today. Based on having these two numbers you also have the total cost basis of the shares you currently own, simple arithmetic gives the average cost base on a per share basis.

   I'd use this number as the purchase price and use one of the methods above the take care of the total purchase price so it does not affect your accounts.

9. 9 Tena Doan on 05 Oct, 2019 02:58 AM

   Thanks, dwg! Sounds like a good idea!

10. System closed this discussion on 04 Jan, 2020 03:00 AM.