Stock investments

Hello, what is the best way to set-up an investment account that will hold not yet publicly traded Common Stock shares that were gifted (0 cost) and Preferred Stock shares that were purchased? No bank or brokerage firm was involved.

Thank you!

Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    You still need to create an Investment account, as that's the ONLY way, in Q, to hold investments.
    Just make it a manual account ... not connected for download.
    You can name this account anything that you'd like.
    For the Common stock, you probably want the "Shares Added" transaction. 
    For the Preferred stock, you need to follow what happened in the real world.  Did you purchase these recently?  Or so far back that using a BUY would be almost meaningless, and another ADD would work.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    You still need to create an Investment account, as that's the ONLY way, in Q, to hold investments.
    Just make it a manual account ... not connected for download.
    You can name this account anything that you'd like.
    For the Common stock, you probably want the "Shares Added" transaction. 
    For the Preferred stock, you need to follow what happened in the real world.  Did you purchase these recently?  Or so far back that using a BUY would be almost meaningless, and another ADD would work.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • AnthonyMS
    AnthonyMS Member
    Great, thanks for your help.
Sign In or Register to comment.