How to handle investment fees?

"Jeff Evans" wrote

Was the expense withdrawn from the investment account or some other account, such as checking?

Thanks for the response. No it was not withdrawn from the account. It was deducted by the financial advisor, so the cash balance in the account simply went down.

If I edit the expense and call it InterestExpense, it calculates performance correctly, but this is not interest expense...

jeff

It sure was deducted from the account -- up front.

You sent the advisor a check (say, $1000). The advisor took a $50 fee and invested $950. In Quicken, show a $1000 transfer from your bank account to the investment acct. Record a $50 MiscExp. Buy security with $950. ROI on account will be correct.

And my point is that the report called Investment Performance is _not_ correct. It shows the MiscExp as Cash going out, as if returned to me. My point is that the "cash" was absorbed and used by the account, so that the $1000 entered to the account is now worth $950, and the account needs to grow in order to cover its own expenses.

The only type of transaction I can get to act this way is "MargInt" - Margin Interest Expense. It seems that all internal expenses in the account should be handled the same way

Thanks for any assistance or insight - Jeff