Re: Confusion on cash settlement -Another Fidelity ?
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Posted by Mark_M
on January 04, 2007 at 00:09:39:
In Reply to: Re: Confusion on cash settlement -Another Fidelity ? posted by Mark on January 03, 2007 at 23:28:12:
: : I have the same situation as Tom with 2 Fidelity accounts using the FDRXX money market as the cash account. So your answers to him were right on target for me also.
: : However I seem to have another problem with getting positions for the FDRXX money market investments. When I 'retrieve transactions' all the transactions are shown correctly. But when I try to reconcile/retrieve from broker, the shares for FDRXX under 'Statement' is always 0. The other investments retrieved during the reconcile have the 'Statement' shares shown correctly.
: : I am not using the FDRXX as the default cash account in either sub-portfolio.
: : Any suggestions how I might resolve this? : Hi Mark_M, : If you go online, and look at your account on Fidelity, does your account balance include some non-zero FDRXX balance? I guess I'm asking, what should the share balance be displaying when you reconcile? : Thanks,
: Mark
: --
: Fund Manager - Portfolio Management Software Hi Mark,
And thank you for your quick reply. I'm a newbie to FM but already I'm very impressed with it, and the fact that I can get help from a real knowledgable person like yourself. Just please don't go and outsource yourself to India. When I review my statements on Fidelity it does show a position of a couple hundred shares in each of the FDRXX's.
Not sure what other info I can give to assist analyzing it.
Fidelity refers to it as the "Core account", and the way it's formated in the statement layout is the same as the other investments. It has column enries for Quantity, Share Price, Mkt. Value. The only column entry that's different is for Cost, which is listed as 'not applicable'. (share price is always $1)
As I indicated before FM does retrieve the transactions for it, just not the balance when reconciling. If Tom K is reading this thread it would be interesting to know if he has the same experience with reconciling the FDRXX or am I the only one. Regards,
Mark_M
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