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How do you enter a convertible promissory note, after you are already own shares in the company?

Fred8

The company is already set up as a Security, and I already have shares recorded. Now I have a promissory convertible note, that will (hopefully) convert to shares at a discounted price in the future.

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Accepted answers

Tom Young

The convertible promissory note is an entirely distinct security from the shares you already own; it has a different name, different ticker symbol and a different CUSIP, if publicly traded. You should have no trouble creating it in Quicken.

Why do you ask?

All comments

Tom Young

Why do you ask?

Fred8

This is for a startup company - not publicly traded. I hadn’t thought of considering the note as a different security from the stock. Thanks for the answer.

SavageDoc

I just invested in convertible notes that can be converted to shares, but the company is not publicly traded and there is no ticker symbol. How do I add that to Quicken? I made the investment through my Roth IRA account.

q_lurker

@SavageDoc: You manually create a security (Ctrl-Y, Add Security, 'Click here' at the bottom of the screen). I like to give all securities some form of a ticker, just to keep things clearly straight inside Quicken. After you create the security, you can Buy or Add Shares into your IRA account.

Jim_Harman

If you give a special security a ticker symbol, be sure it is unique and un-check the Download Quotes box.

If the box is checked, Quicken sometimes gets creative and downloads quotes for another security.