My financial guy has invested money in a GNMA that is designated as a CMO. The value shown in Quicken is distorted because I actually own some portion of the inxtrument. On their site the value is calculated, apparently using the "CMO factor." Is there a way to have Quicken (09Deluxe) show the real value?
I think that all GNMAs are "CMO"s. I assume that with your explanation the factor represents the degree to which the instrument has been paid off. If, as you indicate, the change should be reflected in share balance, then I'd welcome your telling me the best way to track this in Quicken, as easily as possible. I have several, and can access my account to get their valuation.
This will be my last post on this topic. I appreciate all the learned discussion - none of which addressed my question - Is there a way to handle this in Quicken?
I said I was going to shut up on this topic, but you are good enough to try to help - so This is sorta the root of the problem. When I download the transactions in that account, they update the price. Unfortunately that price does not reflect the factor, but their calculation of value does. I just have to realize what's happening and adjust the price accordingly.
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