Margin loans in Quicken

Hi, Mike.

I've never used any but the US versions of Quicken, and I haven't had a margin loan in a while. But, I handle it as you said - very simply. Since there's no due date and no repayment schedule, there's no need to set up anything formal for the loan. It is simply a negative balance in the brokerage cash account. The loan will be repaid automatically (in my experience) whenever cash is deposited into the account, whether from my pocket or from dividends or interest received or, most likely, when securities are sold and the proceeds are collected. No entries specifically recording the payoff are required; the cash balance will simply grow from a big minus to a small minus to a plus.

RC

I do exactly what you're doing and, as RC said, there are no problems and no reason to do it any other way. Even any interest which is added to the balance downloads correctly. The balance is reflected properly in Net Worth. It couldn't be simpler and works perfectly.

The interest category that you sue for the margin account can even be set so that it is handled properly for tax purposes.

Bernie

Hi all

glad to find this topic as i too am trying to set this up.

i'm very new to Quicken (as of this week) and have most things setup and working now, all except my Margin Loan information.

could someone please explain further or expand on the above setup procedure for me (please allow for my level of Quicken newbness)

i have my Managed Fund setup as a "Brokerage" and the total equals the value of the fund - i see that i can add a Cash Balance to the Brokerage but am not quite sure how to make it work as you guys are describing - any chance of a screen shot ?

thanks alot ta.