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Re: Cash withdrawals

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Posted by Mark on February 24, 2003 at 21:16:54:

In Reply to: Cash withdrawals posted by Patrick Bloomfield on February 24, 2003 at 14:24:02:

: Like your program very much and hope to become permanent customer. But I need one problem solved first, or, rather, two.
: 1. I find it difficult to enter a cash sum into my starting portfolio as at 12/31/2002 (I need to record the opening book cost for tax purposes). I dodged the issue by showing the cash amount multiplied by 1 share.
: 2. But what in the heck do I do to record cash withdrawals from the portfolio, of which I have three to record for January, 2003?
: Appreciate help, Patrick Bloomfield

Hi Patrick,

Thanks for your interest in Fund Manager. Let me try and answer your questions.

1) The recommended way to track a cash investment is with a constant $1
share price. To record a starting value of say $1,000, you would record
a "Buy" of 1,000 shares at $1.

2) To withdraw money from a cash account, record a "Sell". If you withdraw
$500, record a sell for 500 shares of $1 each.

Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP

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