How to change core position in an investment account
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RED16
Member ✭✭
How to change core position in an investment account?
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Please elaborate. Are you replacing one set of investments with another or what?QWin Premier subscription0
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That would be a SELL of the current position and a BUY of the new position.But doing such will only change your Q records ... not what the fund company is holding ... you need to contact them to make this change on their end.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Thanks, funds were transferred in from trust co settlement. The fund company records are correct but balance is shown as cash in Q account, rather than the true core position which is a money market fund (as shown in fund co records). Fund company checked and suggested I call Q; Q suggested I call fund company - I call this the "death spiral"!0
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There should have been a transaction moving the "cash" funds into the MM fund.Usually its like... Outside Cash --> Cash Acct or Settlement Acct --> Investment (MM)0
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RED16 said:Thanks, funds were transferred in from trust co settlement. The fund company records are correct but balance is shown as cash in Q account, rather than the true core position which is a money market fund (as shown in fund co records). Fund company checked and suggested I call Q; Q suggested I call fund company - I call this the "death spiral"!0
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