I am using Quicken XG 2007 [Canadian version]
I have NO problem with my Canadian and U.S. dollar accounts at CIBC I have not yet tried my account at BMO I have not yet tried my accounts at ING I still have other accounts to set up, BUT
I have a number of cut coupon bonds and a bond mutual fund and canada compounding savings bonds in my retirement savings plan accounts. I cannot figure out how to get current market for any of them. Using the return of capital negative number changes the cash position in the accounts and that is wrong, since the cash is unchanged... The original purchase prices are also correct. That keeps showing as the market price too, and these are bonds that I cannot find any symbol for.
How are these handled? How do I get current market value to show up in the analysis for these funds? How do I do that without distorting the actual cash position of the account, which using Return of Capital would do?
Examples include:
BMO Nesbitt Burns Bond Fund [not to be found in the list of Canadian mutual funds that come up in the list when mutual funds are looked at.]
Canada Savings Bond CS51
Province of Ontario cut coupon bonds maturing in 2009, 2010 and 2013 Province of British Columbia cut coupon bond maturing in 2015 Loblaws Companies cut coupon bond maturing in 2017 Ontario Hydro cut coupon bond
You get the idea, I suspect. All were purchased at a discount, and at maturity will pay their face value, obviously, except the CSB, which will pay all accumulated interest plus principal at maturity.
The fact is that there are two current values... one is the pro-rated difference between what was paid to buy the discounted bond and its maturity value, simply established by dividing the total number of days between the two dates by the original discount to face amount and adding that amount to the cost of the bond in my retirement plan, the other is the value in the market, which accounts for the current interest rate against the original discount price, which accounted for the then interest rate. I can get NEITHER value for these bonds.
The Quicken tools do NOT find any of these financial instruments and do not update any of these instruments. BMO Nesbitt-Burns is a financial investment institution that Quicken also does not seem to recognise, and BMO is a bank that it no longer works with, so it is getting most annoying even using the product with my investments, but there seems to be nothing better out there.
HELP!!!! [email snipped-for-privacy@idirect.com as well as replying in this usenet group if you believe you have valid suggestions.... TIA]