how do I enter federal agency securities into Quicken?

ChrisMeyer
Quicken Windows Subscription Member
I am tracking my IRA investments, and can't figure out how to enter Federal Agency securities such as Federal National MTG ASSN POOL MA3517 into Quicken.
0
Best Answer
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What, exactly, is the problem?If the issue is getting the "Buy" dollars correct, understand that these MBSs aren't priced in a real straightforward manner. Although there's a "quote" number you can see, there's also a "factor" that comes into play in determining the price; the factor is a function of principal paydown in the pool. So your purchase is calculated as Quote x 10 x #of Bonds x Factor + Accrued interest. Quicken doesn't have a "factor field" so you have to back into the "market price" to use as(Total cost - accrued interest) divided by # of Bonds.0
Answers
-
What, exactly, is the problem?If the issue is getting the "Buy" dollars correct, understand that these MBSs aren't priced in a real straightforward manner. Although there's a "quote" number you can see, there's also a "factor" that comes into play in determining the price; the factor is a function of principal paydown in the pool. So your purchase is calculated as Quote x 10 x #of Bonds x Factor + Accrued interest. Quicken doesn't have a "factor field" so you have to back into the "market price" to use as(Total cost - accrued interest) divided by # of Bonds.0
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