T-bill purchase creates a day gain in the Investing screen.

Question

I purchased a T-bill yesterday, 9-7.  Didn't record it because I prefer to download the bond information from Vanguard.  This morning the purchase dated yesterday was downloaded from Vanguard.  Now there is a day gain of the purchase amount in the Investing screen.

I deleted the downloaded transaction and re-entered it.  I didn't delete the downloaded T-bill information, though.  I used it in the re-entered transaction.  (Hope that makes sense.)  The day gain remains.

Would appreciate any thoughts.

bmciance · Accepted Answer

Enter a price for the day before you purchased it. Quicken takes the difference in price times the number of shares to get the day gain/loss.  It's not really the best way to get the day gain/loss but that's what they do.  Entering the price for the day before makes it work.

Tom Young · Accepted Answer

This is a known issue.  When you purchase a bond like this that has no ticker symbol Quicken can't download the security's historic prices, (the previous 5 years I think) so simple math (value of bond today - 0) creates that day gain.  You can edit the security's price history to create a "yesterday" price that's the same as your purchase price I'd guess to make that day gain $0.