Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

private investment

I have made a private investment. I will put money in, and take money out. I will get quarterly reporting that will show earnings and losses. Potentially capital gains and losses, but also dividends and interest.
I'm on Quicken Premier 2020, Version 5.18.2 (Build 518.35919.100).
Is it best to set up the investment under property and just make entries to that account?
Thank you
Tagged:

Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    All brokerage accounts are investments of some kind.  Not all Investment accounts are held at a brokerage (some,  for example,  are held at insurance companies).
    So, creating the account as a brokerage is fine.

    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Why would you NOT set it up as an Investment account ... that's just not tied to any brokerage/etc?
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • trackerca
    trackerca Member ✭✭
    Thank you for your response.
    I tried that approach with another private investment years ago, a hedge fund, which this also is. But I really found it very difficult, I had to use transactions that I really didn't want to use, as I recall. So I just gave up. Thank you, and I'm trying it again.
    It seems to have gone in as a brokerage account, classified that way. Is that OK? or is there another category it should be in?
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    All brokerage accounts are investments of some kind.  Not all Investment accounts are held at a brokerage (some,  for example,  are held at insurance companies).
    So, creating the account as a brokerage is fine.

    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
Sign In or Register to comment.