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private investment

trackerca

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

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Accepted answers

NotACPA

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.

All comments

NotACPA

Why would you NOT set it up as an Investment account ... that's just not tied to any brokerage/etc?

trackerca

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

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.