How can you add a new holding/security to a SIMPLE investment account

GSSP04

I use a simple investment account for one of my accounts that does not have online services; it appeared to be a handy way to have up to date positions and account value. Where it appears to fall down is when a new holding is added to the account there does not appear to be any way to update the position. Sold holdings work fine by updating the position to zero. If the account has to be re-created every time there is a change in holdings then this in my opinion provides little value. Tech support could not resolve this issue; I could enter a transaction via the main menu Edit>Transactions>New… route but it only works for holdings that were entered in the account setup. I tried with other stocks but it wanted to add them to the Security List during the transaction and then it would generate a 'Duplicate Security' error. Are there any ideas out there?

QuickUserPSP

@GSSP04 you can update shares by clicking on a share balance for a security. You can do the same for any price. You can also update cash by clicking on the cash amount.

EDIT - I now see the issue. You are right, it is a major defect. I am surprised that no one else has mentioned this issue.

GSSP04

updating cash balance and share balance for existing securities works fine; it doesn’t help for a security that was not part of the account setup.

QuickUserPSP

@GSSP04 - I updated my original response after I saw exactly what this issue was. This is definitely an issue.

QuickUserPSP

Until they provide a way to add securities, or transactions to an offline investment account using simple tracking, it seems like you are forced to use complete tracking. Otherwise, you are right, using simple tracking for an offline investment account seems to be of little value.

GSSP04

I agree, I reported this deficiency to tech support but they indicated that it is more likely to get addressed based on the number of posts about the issue. I can’t understand why no one has brought this up before.

Chris_QPW

I don't think the really gave the idea of an offline simple account any thought, they were just implementing the online simple investment account and by the very fact that you can't really "separate the code" the offline one came along for the ride.

GSSP04

Chris_QPW,

That may be the case; hopefully not. It wouldn’t be difficult to run a separate module for the simple account; just a bit more thought needs to be put into it. It all depends on how well structured their code is. They can still call all the utility routines, read from what ever tables they need to read from; the trick comes with what they allow to be written back to results tables. The simple account needs to stay isolated with the exception of the total value.

Chris_QPW

In any case I do hope they fix this. It just makes senses that it has to allow the user to do such a basic thing.