QWin 2014: total market value incorrect
Robin Lee Member ✭✭
edited June 2018 in Investing (Windows)
I am using Q 2014 R5. I just set up a brokerage account that is NOT linked to anything and the cash balance and total market value are not matching. What is wrong?
Because the cash balance is just that...the amount of CASH you have in the account.
So, say you put $10,000 in an investment account. You use $7,000 of that to purchase shares in stock XYZ (700 shares at $10 a share).
Your cash balance is $3,000.
The total value of the account, as of that day is $10,000...the cash balance plus the value of the stock.
Say, a year from now stock XYZ is now worth $20 a share.
The cash balance remains at $3,000. The value of the stock is now $14,000. The total value of the account is now $17,000.
Got it now???0
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