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AMOUNT INVESTED

Using Quicken 2005 Premier - R6 on a Gateway 850 and Windows XP Pro SP2 fully updated.

Recently I SOLD all shares of one security in an IRA account. I see that there is still an "Amount Invested" showing for this security in the IRA account even though there are no remaining shares, for this security, in the account. All other values, i.e., Market Value, Cost Basis, Gain or Loss are properly stated as "zero". . In viewing Quicken help, it states that the Amount Invested will not change unless you dispose of all shares. If this is true, it makes no since it shows an Amount Invested for nonexistent shares.

How do I fix this problem, specifically how do I get the "Amount Invested" showing in the IRA account to be "zero"?

Reply to
Richard F. Thomas
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Sounds to me like Quicken has some partial share somewhere that you didn't sell. In my version (06Deluxe), there's a "sell all shares" check box on the Sell Shares dialog box. Its easy to miss but its there. I would try deleting your final sale transaction and then doing it again using that check box.

Bob L.

Reply to
Bob L.

I don't think there is any problem to fix, but it's not totally clear from your explanation because you don't explicitly say you still own shares of that security in another account.

It's not clear to me why you think that selling your shares changes the amount you invested: the amount you invested can't change just because you sell shares ... you invested what you invested.

Amount invested never really goes to zero - it may not be visible if you no longer own any shares of that security in any account. But if you then buy some more shares of that security,the previous amount invested will be added to the new amount invested.

Amount invested is used in computing "return"; here is how Quicken computes "return":

"Return represents the total return of a security: the current market value plus the income taken out as cash, plus cash received from sales of shares, minus the amount invested. Reinvestments are not explicitly added to the return, because they contribute to the market value, which is already factored in."

If the amount invested were reduced to zero when you sold shares, the return would be overstated.

Reply to
John Pollard

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