How do I allocate a mutual fund purchase across multiple securities?
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BWW
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I have a payment scheduled to my broker which I want to be allocated equally across all securities. I have this set as an auto bill to the brokerage. In Quicken, It is recorded as a cash transfer to the investment account. How do I setup the transaction to achieve two goals: not have it register as increasing the cash balance and divide the amount evenly across all securities to that brokerage firm. I am not downloading transactions, as I prefer manual entry management.
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Best Answer
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You can set up a Memorized Investment Transaction Group (see Help in Quicken) to record multiple Bought transactions all at once. These will reduce the cash balance in your account to match the securities.
Because share prices vary, Quicken will not know exactly how many shares of each security you have purchased. You will have to edit the transactions to provide the share quantities, based on your statements or the broker's website.
QWin Premier subscription6
Answers
-
You can set up a Memorized Investment Transaction Group (see Help in Quicken) to record multiple Bought transactions all at once. These will reduce the cash balance in your account to match the securities.
Because share prices vary, Quicken will not know exactly how many shares of each security you have purchased. You will have to edit the transactions to provide the share quantities, based on your statements or the broker's website.
QWin Premier subscription6