Re: Purchase of 90 day Treasury bills

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In Reply to: Purchase of 90 day Treasury bills posted by Mark Turner on January 09, 2001 at 19:15:08:

: Mark,

: Is it possible to use FM to enter the purchase of discounted T-bills? Would I enter the purchase at the discounted price then enter a dividend on the maturity date? Also, if I buy T-bills on different dates with different yields must I enter each one as a separate investment?
: Thanks
: Mark

Hi Mark,
Let me make sure I understand how a T-bill works... You purchase a
T-bill for say $95 and then on the maturity date it becomes worth say $100?
If this is correct you can record the purchase of 95 shares at $1/share
and then on the maturity date record a reinvested distribution of 5 shares
at $1/share.
If you buy T-bills on different dates you would record a separate purchase
for each one.
There are no special provisions in Fund Manager for T-bills, for example
to record the yield. You just record what you paid, what gains they made
(distributions), and when you sell them. Fund Manager will calculate the
yield you made.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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