How to enter $10,000 Series I Savings Bond.

jayd
jayd Member
edited January 13 in Investing (Windows)
I created an offline brokerage account and a security called I Bonds 2021. I bought $10,000 this past week. I was able to enter the transfer from my checking account to the brokerate account in Quicken. Now I want to enter the buy transaction. It asks for number of bonds (which I believe it should be 1) and Price (which I believe should be $10,000). However there is a little note "(base 100)" on the side. So when I enter 1 bond with $10,000 price, the total is $100,000. How should I enter the numbers to show a total of $10,000? Thanks.

Best Answer

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    Accepted Answer
    You should be buying 10 bonds for a total of $10,000. Quicken will then show that you own 100 ‘shares’ priced at $100/share. Your ongoing pricing will vary around that $100 base. 

Answers

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    Accepted Answer
    You should be buying 10 bonds for a total of $10,000. Quicken will then show that you own 100 ‘shares’ priced at $100/share. Your ongoing pricing will vary around that $100 base. 
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Concurring with @q_lurker.  Bonds are priced per $100 face value, so a $1000 bond priced at $98.00 will have a value of $980.
    Just because you made a single purchase of $10,000 doesn't change this.  According to bond pricing, you made 100 purchases of $100 each.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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