Re: managed account
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Posted by Mark on March 19, 1999 at 17:25:00:
In Reply to: Re: managed account posted by mark zacks on March 19, 1999 at 13:30:41:
: : : as part of my ira, i have invested in a managed account.
: : : i originally put in 10,000. the investment went up to 13000
: : : and i then added an additional 2000. how do i put this information
: : : in fm? originally i entered one share worth 10000. as the value went up
: : : i manually entered it (i.e, still one share but now worth 11000).
: : : In summary, how do i enter the additional money that i put in,because
: : : technically i still own only one share?
: : : thanks for your help. : : Does this account have a share price? You would
: : record two purchases, one for the initial 10,000, and then another purchase for the 2,000. As the share price changes, you would update this, and
: : the value of your investment will change. : : Thanks,
: : Mark
: : --
: : Mark Beiley
: :
: : Fund Manager for Windows 3.1x/95/98/NT
: :
: : : there is no share price to the managed account, only the total value.
: so in my example above, the price and value are the same = 11000 before
: the addition of new monies. when i go to "edit purchase", i go to"new"
: purchase and put in the new money. but if i put in that i purchased 1
: share worth 2000, fm assumes i now have 2 shares total worth 13000 each
: = 26000, instead of 13000.i hope i'm not confusing you. thanks again. Mark,
FM is based around the concept of your investments having a share price. One option
you could use is to assume a share price of $1,
sort of like a money market. When you want to
update the value, you would record a reinvested
distribution. This would be positive, when the
value goes up, and negative when it goes down. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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