How to setup an offline investment that tracks % interest

mfelmlee

I want to setup a completely offline investment. This investment will earn monthly fixed interest rate payments that will be deposited to this offline account which will compound overtime. It is completely offline but I will receive a statement every quarter ( maybe only twice a year).

I don't want to enter these manually. What type of account do I setup and how do I get Quicken to calculate the interest earned based upon account balance and make the reoccuring deposits?

Thanks

Matt

UKR

If this is something like a CD held at bank or brokerage, you can only set this up as an offline account register (Savings, Asset or Investment).
For the interest payments set up and use a Scheduled Reminder to add the deposited interest.
However, there is no feature available in Quicken to calculate interest and accrued interest, similar to a mortgage payment schedule. So, just like I have to do for my CD held at a local bank, you will have to wait for the interest to be posted at the brokerage or bank and record or update the scheduled reminder every time you receive interest.

mfelmlee

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I setup an offline investing account. Under Account details there is an Interest rate input that I changed to 12%. But I have no idea what that does since it doesn't ask for no further information.

Using the reminder to enter interest would be helpful then I only need to change the $ amount each time.

UKR

Under Account details there is an Interest rate input that I changed to 12%

AFAIK, this is for information only and doesn't do anything else.
For credit card accounts it's a little more useful, with the rate carrying over into Debt views and the Debt Reduction Planner view.

q_lurker

My gut response is - You can’t.

For 12 transactions a year, I suggest you memorize the payee and schedule a monthly reminder with a set dollar amount. You would then simply edit that amount to match the quarterly statement.