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Investment question fo Q3 Dx

My 401(k) contributions go to a money market account where they sit until being used to purchase the various mutual funds.

Based on earlier advice from this group I set up my 401(k) to treat the Money Market account as cash in the account, and buy/sell the various mutual funds from that cash. Worked great until I discovered that: (1) I am getting dividends on my MM account (2) Three payments have apparently been made out of that account that have no corresponding fund purchases (about which I am going to ask my broker)

Q: How do I enter these transactions?

Since I am treating the MM account as cash in the account, there does not appear to be a way to accomodate dividends except "Transfer cash in", which requires an outside account from which to get the money?

Also, I am not sure how to transfer funds out of an investment account without knowing where it is going?

Any help would be greatly appreciated!

AFJ

Reply to
Air Force Jayhawk
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At Fidelity, my "cash" is actually held in a very conservative government bond fund that has a fixed value of $1 per share - so it is easy to reinvest the dividends received back into that same fund. When I buy something with my "cash" it is actually a "sell shares-buy shares" transaction instead of just cash > shares.

-- Vic Roberts Replace xxx with vdr in e-mail address.

Reply to
Victor Roberts

Enter this simply with a category of Interest Income.

Don't treat them as anything until you know what they were for. Perhaps they were for expenses, in that case enter them as such.

Interest Income is also an increase of the cash in the account.

Simple answer - don't transfer funds unless you know where/why/what. Then follow the money!

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Reply to
Mike B

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