Explain negative balance in my 401k account ?
As will probably be determined I am quite ignorant to this
topic and at first made a really long question out of this, but in the interest
of making this a little simpler I tried to make it as short as possible....so why does Quicken in my 401k investment
registry not show the actual value or total amount of worth of the account like
it does for all the other accounts I have, so that in general I can get a complete
picture of not only how much this account is worth, but in total when looking
at all my accounts together how much I am worth?
Note just to add, I have imported the transaction info that
was put into the Quicken 401k account registry from a .QIF file I downloaded designed
for just this purpose from the brokerage houses website, so I don't think this
is a matter of the incorrect info being put in although I suppose that could be the case.
Simply put for any possible option of a say a contribution
(or Buy as it would be in Quicken), there is the Price per share box, then the
number of Shares you bought box, then the amount is basically calculated for you
into the Amount box, which btw all matches what the brokerages online info shows...but when you finally hit enter and you look at its Cash
Balance for that transaction and as well for the totaled amount at the bottom,
they are all negative numbers.
An in a second odd part to that, it only shows for the
"Market Value" at the bottom what was made or lost per the
transactions, and not its full value. As well with that, when I look at the full list of all my accounts, it just shows that same number and not the total value of whats in the account and or is adding that to the full list so I see a complete picture of all I am worth.
So am I doing something wrong?
Thanks for any help.