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Transfer Investment from one portfolio to another

Questions about updating prices or transactions in Fund Manager

Postby rwcrooks » Thu Oct 06, 2016 6:59 pm

I have a couple of IRA/401k accounts with Fidelity. I recently closed out a 401k and rolled it into my IRA. Because the same fund I had in my 401k was available in the IRA, it could move "in place," that is without having to sell it and buy it again. They just transferred the position. These two accounts are in two separate subportfolios. Is the best way to handle this with Transfer Out/Transfer set of transactions?
rwcrooks
 
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Postby Mark » Thu Oct 06, 2016 10:13 pm

Hi rwcrooks,

Yes. You can use the "Transfer Between" wizard to do this for you. Just right mouse click on the source investment, and choose "Investment Data / Transfer Between..." and fill out that dialog. It will record a single Transfer Out, plus 1 Transfer In for each lot you are transferring, so as to maintain your cost basis information.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Postby flight » Sun Oct 09, 2016 2:26 pm

Mark - does the market value have to be filled in?
flight
 
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Postby Mark » Sun Oct 09, 2016 3:56 pm

Hi flight,

Yes, you should fill in the market value on the date the shares were transferred.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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