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How to add a new mutual fund

Have purchased two new funds, can't remember how to set them up

Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    edited February 12
    Go to Tools > Security List > Add Security and follow the prompts.
    Or, if you download your investment transactions from your brokerage firm, the security will be added during the review and acceptance part of the OSU process.
    (QW Premier Subscription: R32.12 on Windows 10)
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    And once you have added the funds to your Security list, you must go to the investing account that holds them and enter Bought transactions with the number of shares purchased and the total cost.

    Generally you should not set up a separate account for each fund (a "Single mutual fund" account), but some fund companies require that setup if you are downloading transactions.
    QWin Premier subscription
  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    And once you have added the funds to your Security list...
    I trust you meant to say you need to add funds to your Investment Account, not your Security list, right?
    (QW Premier Subscription: R32.12 on Windows 10)
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    And once you have added the funds to your Security list...
    I trust you meant to say you need to add funds to your Investment Account, not your Security list, right?

    You need to add them to the Security List before you can BUY them in the investment account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    NotACPA said:
    And once you have added the funds to your Security list...
    I trust you meant to say you need to add funds to your Investment Account, not your Security list, right?

    You need to add them to the Security List before you can BUY them in the investment account.
    Ahhh....twist on words.  I interpreted "funds" to mean "cash".  If "funds"
    instead means "Mutual Funds" then, yes, the Mutual Funds need to be added to the Security List first.  So, all of us have said posted the same thing here.
    (QW Premier Subscription: R32.12 on Windows 10)
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    Yes I was using the OP's terminology, "Have purchased two new funds ..."
    QWin Premier subscription
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