How To Select Investment Cash Security

Brian Smith

My brokerage account allows automatic investment of cash transactions into a specific security. Quicken downloads only see a cash amount and do not automatically direct it to that specified security. How can I get Quicken to automatically put the cash into a specific security?

Sherlock

You would need to convince the financial institution to provide the buys and sells of the security to Quicken.

Sherlock

You would need to convince the financial institution to provide the buys and sells of the security to Quicken.

Brian Smith

It would be useful if Quicken allowed specifying a particular security to automatically direct cash transactions.

Jim_Harman

Is the security a money market fund or something where the share price does not vary? In that case I would just let the cash stay as cash and when there is a dividend in the settlement fund record it as a Div, not Reinvest. That works for TD Ameritrade.

Brian Smith

Yes. Fidelity has several different money market funds to choose from, all priced at $1.00. Would like to be able select my preferred one to automatically record the cash transactions