Quicken investing - Cash

Feb 04, 2012 4 Replies

I invest for income, taking my collected dividends quarterly and transferring them into my checking account.



A brokerage account will automatically put all loose cash into a money market fund. I look at this fund as cash, it's a major source of my income. When I define the security (e.g., Vanguard Prime Money Market: Type = Money Market, Asset class = Cash) I want to look at it as cash.



Yet in the ledger for that account, at the bottom of the page, it shows "Security Value", "Cash Balance" and "Total Market Value". The Cash Balance is ALWAYS 0, because the money has been put into a security (the money market fund). I'd like to track that cash better (for obvious reasons; it's money in my pocket). Is there something I can do in the definition of Vanguard Prime Money Market, or elsewhere, so when it shows "Cash Balance" on the ledger it actually shows the Money Market + Cash balance?



I just sell my MMMF if I want it to appear as pure cash, and not as an equivalent.

Clever, Bob. I think I'll try the same thing if a better suggestion isn't made. But when a new dividend comes into Quicken, it's going to complain that my MMMF balance doesn't agree with theirs. I know what to do with this, but I'd rather not have to.

The fly in the ointment here is that there may come new regulations for MM funds, that would allow variable valuation (not always exactly $1/share) and/or restrictions with regard to the ability to fully withdraw at times of "upheaval", meaning you could get 95% of your money immediately, with 5% after 30 days. Hotly contested new legislation, but at the moment you don't have cash, you have "shares" in a MM fund, of very solid, but not invariable value.

Some posts today are not showing their contents on usenet, although name of poster, and size are shown. I don't know why this is so, because itt is not for every post in each newsgroup, nor the same for each poster's new content. So this is also to find out whether this post gets to usenet

Han wrote in news: snipped-for-privacy@c20g2000vbb.googlegroups.com:

FWIW, this came through to usenet, reading now from Astraweb. I have no idea why there were multiple failures to retrieve the contents of posts that arrived as replies or new posts with a header, but no content.

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