I have an account with Fidelity that holds a few of their Mutual funds. When I told them I want to start buying stocks, they told me I need to open a brokerage acct and transfer all the mutual funds out my current acct.
I have the acct now setup for online downloads. For Quicken, I would like to just keep the same account, just giving the current Q account the new acct number to keep it simple.
My question is, how to I do this so the old account when I connect to do transaction downloads will be for the new acct at Fidelity?
Here is what I think might be the way to do it:
- Do an online download, deleting the transaction that do the transfer of my mutual funds out.
- De-Activate Online services for that Q acct.
- Change the acct number of the Q acct to the new number.
- Setup Online services for the same Q Acct, pointing to the new acct at Fidelity.
- On downloading, delete the transfer-in transactions (that were transfered out of my old acct).
Will this work? Or what is the best way to do this.
Art