American Century Brokerage Account Shows Inaccurate Values for Marginable Funds
I am trying use Simple Tracking (positions only) for American Century brokerage funds. Quicken appears to count the marginable value of these funds as cash, at least as best I can tell. I have called American Century about this, and they informed me that they do classify marginable portions of funds as "available cash" internally. However, these amounts do not show up as cash on statements since no margin investment loans have been taken. Quicken apparently takes the classification and counts it as literal cash, and it does not include the cash amount in the value of the fund. Thus, simple tracking displays a total value that is wrong by multiple zeros. Has anyone else run in to this issue? Is there any solution other than to discontinue use of Quicken to track these investments? Thank you.
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