Fidelity Money Market suddenly has lost it's $1 asset value

No problem with Q2009 release R7 yesterday or today, Fidelity's Cash Reserves or Municipal Money Market funds.

So, John P,

Do you have any of your usual to the point suggestions? I validated the file and got no errors, but cannot do anything to restore the price history of this Money Market fund to $1 so it's screwing up my asset totals. I can see price histories for other securities, but the screen for this one is empty and I can't modify it in any way that I've tried.

jo

I had the same problem with Dreyfus MFs. Of two one would show the $1 per share OK and one would not.

For the one which does NOT show $1 per share, remove the ticker symbol (save in other info), check delete price history, and proceed. Next day should be OK.

Thanks. I managed to solve it by restoring the QPH file from 4/13 and then updating prices again. Found a few odd things in one of the price histories for another security (the xx.xx price was turned into .xxxx) but that was easily fixed. Is this just a fluke corrupted file issue? Glad I had all these Quicken backups to play with. I guess I would have had to take your approach if I was on a higher version of Quicken, since there is only a single file to deal with, as I understand.

jo

I'm not sure which John P you're addressing; and since it seems you've already answered your question, I won't take up too much of your time.

First of all; I never ask Quicken to download Money Market fund prices ... if those prices ever turn out to be other then $1/share, I (and every other holder of that mm fund) will have bigger problems than an incorrect price/share - problems which we'll all probably know about before we figure out how to deal with the "incorrect" mm fund price.

But, more importantly; you may not be aware yet, but Intuit is having some problems with downloaded security prices (I think, just for mutual funds). See:

You're the only John P on this forum that I know and that always has practical and creative suggestions:} I see your point about not downloading the price but it was working fine for years and stopped very recently, so I always like to get a idea of what can cause something like that, and it was also coupled with loss of ability to change it's price history record. That said, I've taken the security out of the update list. Actually I vaguely remember some protocol of giving securities like this a symbol with XX at the end and that would cause Quicken to never download the price. Does that ring any bell?

Haven't noticed any mutual fund problems, fortunately.

Thanks jo

Thank you.

Through the years, I have seen Quicken download incorrect prices for several (or even - rarely - all) of my securities. I just eliminated the Money Market funds from my downloads to guarantee that they wouldn't ever be affected by any Quicken price download problems ... one less problem to deal with..

Actually, I think that virtually all Money Market funds have a ticker symbol that ends in "...XX". So, if you eliminated securities with those ticker symbols from your price downloads, you'd be doing, pretty much, what I'm doing.

I haven't experienced the problem I reported, in any version of Quicken I'm using/testing (including Q2008, Q2009, Q2010 and Q2011); but a lot of users are reporting the problem in the Quicken community. My sense of the issue is that Q2011 is the vulnerable version ... but I don't have enough information to be certain about that.