I added an investment account for Scottrade but couldn't log on so I just manually transferred the shares from one investment account to the Scottrade account. In so doing, I noticed I had the wrong Customer ID. I tempted to change it by typing over that which was there. As soon as I hit "OK", the correction disappears and reverts back to the original mistake. So I tried deleting the error. That removed it ... but now it won't take anything in that block. Is there some magic combination of keystrokes I've missed along the way? How do I get the new info saved?
Thanks, John. I thought of that but decided to wait to hear from someone with more experience with this than I. I've followed your instruction and the record was able to be changed correctly. It looks like all is well now; there were no transaction. I do have another question arising from this incident. The shares I transferred to that broker (BMY) were held by the company I'm invested in. I'm holding a number of shares myself in a lock box. I simply wanted a vehicle to move quickly in the event I chose to do so. The question now arises, if I DON'T connect to that brokerage when I update my portfolio through the Quicken link as I do daily, will Quicken still "look at and update" the stocks held in my Scottrade account? I've got BMY in the account I set up years ago to track the investments (STOCKS) and now I have some BMY in Socttrade as well.
I get the impression that Quicken will update all investment accounts no mater where they are using the most recent stock price from the source they use but when a client chooses to download separately from any online brokerage, that will overwrite what was done (regarding the price of a given stock) by Quicken. There shouldn't be a difference but there could be; delays created by update times perhaps.... perhaps the brokers' server was down... I'm just trying to make sure I understand how the information is flowing into and out of these investment accounts.
I'm not sure I can give you a totally satisfactory answer (I used to think I knew exactly how the price updates worked, but I am not so sure anymore), but maybe I can help a bit.
There can be only one price in Quicken for a given security (as determined by ticker symbol, I believe) for a given date. Those prices are stored in the Quicken price history file (QDATA.qph, where QDATA is the name of your Quicken data). There are several ways that price can be entered/modified in Quicken. The single price for a given security for a specific date is applied to that security no matter in which Quicken account or accounts that security is held.
If there is no price in the price history when you enter (or Accept) an investment transaction for a security, Quicken will update the price history with the price/share in the transaction.
Prices can also be downloaded independently of account downloads. Quicken accesses two sources for price downloads; one for "current" prices and one for historical prices. You can download from those sources anytime you want, they are not associated with any brokerage, so you don't need to be downloading to any Quicken account to get those prices. I believe that if you have a price in your price history that came from a transaction, a downloaded price will overwrite it. Some prices are not available at all from those sources: non-publicly traded securities, and, I think, some securities traded on foreign exchanges.
It is also possible for fi's to download prices when you download transactions to your Quicken accounts; the fi's can download dummy transactions for securities (useful if the security is not publicly traded, so unavailable from Quicken's normal price sources); and/or they can put prices in the holdings section of a download. I don't know what conditions must exist for Quicken to use prices from the holdings downloaded, nor whether or when, those prices would override existing prices. (I happily note that I now get prices for the bonds I own whenever I download from the fi where those bonds are held).
Lastly, you can manually add, or edit, any price in your price history file anytime you like ... though I believe that a Quicken price history download can override manually entered prices (assuming the historical price download has a price for the date in question ... the older the price, the less likely the historical price download will have a price for that date). Haven't checked this out for a while, so it's possible I'm wrong, and possible that the treatment has changed since I did test it long ago.
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