I recently moved all my accounts from E-Trade to Quicken.
While at E-trade interest received as well as non invested cash was in a corresponding sweep money market fund listed as part of that account & would show up correctly in Quicken investment summary as cash.
With Vanguard its split into 2 accounts a brokerage account and sweep money market account even though its really just once account. The MMK downloads with a ticker VMMXX and shows up as a security & not cash which it really is. Is there a way to fix that?
Also in Quicken all the interest & dividends are initially deposited into the brokerage part of the account. Then they are removed as a misc expense to get deposited into the MMF.
This is much more confusing then with E Trade at the Quicken end. It also doesn't compare easily to the paper Portfolio Summary which puts every thing together again.
No, you may think of that way, but as you said it's really 2 accounts: a brokerage account and a mutual fund.
The MMK downloads
No, its not cash. It is a share of a mutual fund with a net asset value of usually $1.00 (though not guaranteed)
Is there a way to fix that?
Not clear what you want to "fix" as it accurately reflects the Vanguard structure.
Not really "all". That is the dividends and interest from the BROKERAGE account are deposited there but any dividends from any mutual funds will be deposited or reinvested in the mutual fund account.
Then they are removed as a misc expense
True. I don't find this to be a problem though as I simply edit the transaction and change it to a transfer out.
which puts every thing
Not clear what Paper portfolio you are talking about. If you mean Vanguard's statement, I rarely have to compare to paper as the downloaded transactions keep me in balance.
I have lots of accounts at Vanguard and still use Quicken for 100% of my investment tracking......rarely even look at the Vanguard statements. Is it the best possible? Probably not. On the other hand I find the services and funds Vanguard offers to be well worth it.
HTH, Bob L.
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Barbara L wrote:
No, you may think of that way, but as you said it's really 2 accounts: a brokerage account and a mutual fund.
The MMK downloads
No, its not cash. It is a share of a mutual fund with a net asset value of usually $1.00 (though not guaranteed)
Is there a way to fix that?
Not clear what you want to "fix" as it accurately reflects the Vanguard structure.
Not really "all". That is the dividends and interest from the BROKERAGE account are deposited there but any dividends from any mutual funds will be deposited or reinvested in the mutual fund account.
Then they are removed as a misc expense
True. I don't find this to be a problem though as I simply edit the transaction and change it to a transfer out.
which puts every thing
Not clear what Paper portfolio you are talking about. If you mean Vanguard's statement, I rarely have to compare to paper as the downloaded transactions keep me in balance.
I have lots of accounts at Vanguard and still use Quicken for 100% of my investment tracking......rarely even look at the Vanguard statements. Is it the best possible? Probably not. On the other hand I find the services and funds Vanguard offers to be well worth it.
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