Error in stock valuation I can't find

Question

Hi My valuation jumps to $40 million dollar (I wish) on one day and then goes back to normal. I have tried to redownload quotes. I can't seems to find the error. How can I find this and correct it? Thank you.

John_in_NC · Answer

Sorry for the delay, occativ43.

You mentioned that this was a Money Market fund. The important question here is if your balance is being shown as shares held of the fund, or if your brokerage pushes out a cash balance (which is still likely held is some kind of MM fund behind the scenes.)

If you have actual buys/sells of the MM fund, then you can go to Window:Securities. Then, double click on the MM fund, and you can click Price History at the top. There, you can scroll through the prices to see if one stands out. Being a MM fund, this should be obvious as anything outside $1 is suspect. There is a rebuild command in that window under the Options button at the bottom.

If you have this account online (i.e., you download transactions), and the suspect amount is simply a cash balance pushed out, then I think it was simply a wild number they pushed out. Subsequent updates caused the issue to resolve. If this is the case, then I wouldn't worry. It isn't like there are incorrect transactions-Quicken was simply displaying what they were reporting.

occativ43 · Answer

Thank you.  I had my money market jump on one day to a ridiculous number.  Appreciate everyone’s help

fun1000000 · Answer

It seems no one else answered your question. I will try to help, only thing is I use Quicken for Windows. I assume Mac is somewhat similar. I'm using Apple as an example.
Go to portfolio view and click on your money market. it will bring up the following:

Then click on more and it will bring up the following below:

Then look through the prices and find the one that doesn't show $1 and click on edit and  correct it.

Hope this helps

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