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Investment account (Schwab) using a separate cash account - can't seem to figure out how to add

jlspitzer

When I recently set up an investment account, it somehow created a separate cash account under banking. This is the way I want it, with my Treasury and Bond funds showing up here. However, I don't know how to add to this account. Quicken put the original funds in there, but when I bought more, Quicken is putting them in the Investment account. I don't see a way to change this.

Can someone advise?

Thanks.

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q_lurker

This is the way I want it, with my Treasury and Bond funds showing up here.

You cannot have your Treasury and Bond funds (securities) showing up in the cash account linked to your investment account. I am not clear why you think they are showing up in that cash account now.

What should be showing up in that linked cash account are the cash components of the buys and sells of those funds and the related cash dividend or interest transactions of those funds. But the funds’ assets (shares) themselves only appear in the base investment account.

NotACPA

Your bonds aren't "cash". Only actual cash can show in the "Linked Cash Account". Bonds are securities which belong in an Investment account.

BUT, the interest payments from those securities will be automatically directed to the LCA.

q_lurker

That helps further - somewhat. SNSXX and SWVXX are money market funds that may be invested in Treasuries and similar securities, but they are not Bond funds in the common sense. As MM funds, it is more reasonable to consider them as cash. Indeed, there are efforts within Schwab accounts to have certain such MM funds reported in Quicken as cash. As I am not a Schwab client, I have not followed those details. Perhaps that is how your fist shot at your efforts got, as you said, the funds shown in the linked cash account.

From what I have picked up, when one does elect to treat the MM sweep fund as cash within Schwab, it can only be applied to one such fund. It may also be limited to one specific MM fund. I do not recall any other users taking that approach and also operating with a linked cash account.

Perhaps a Schwab client can shed further light. I'll edit the title of this post to indicate the Schwab connection.

All comments

q_lurker

This is the way I want it, with my Treasury and Bond funds showing up here.

You cannot have your Treasury and Bond funds (securities) showing up in the cash account linked to your investment account. I am not clear why you think they are showing up in that cash account now.

NotACPA

Your bonds aren't "cash". Only actual cash can show in the "Linked Cash Account". Bonds are securities which belong in an Investment account.

BUT, the interest payments from those securities will be automatically directed to the LCA.

jlspitzer

OK, I understand what you are saying. My Treasury funds were not showing up in the brokerage account so I thought they were in the cash account. And the Quicken brokerage account isnt showing a discrepancy in shares vs. the brokerage account which is usually what I would get when I do the update.

I wanted to keep that money out of the main portfolio, but I understand what you are saying. Thanks.

NotACPA

WAIT, are those Treasuries actually Mutual Funds … or actual Treasury bonds? Mutual funds that hold treasury securities should be setup in Q as Mutual funds, not Bonds.

And, as a total aside, do thee initials JBS mean anything to you? I went to school with a Jim Spitzer.

jlspitzer

They are funds. Schwab SNSXX and SWVXX.

And sorry no, don't know Jim Spitzer. I do get confused with the Justin Spitzer from The Office and Superstore though.

q_lurker

Perhaps a Schwab client can shed further light. I'll edit the title of this post to indicate the Schwab connection.

jlspitzer

You are correct, in that I originally started with one fund which showed up in the cash account and then bought the second which was showing up in the investment fund. My goal was to treat these two like safety cash funds and not have them included in my investment portfolio. Looks like I can't do that with 2 funds. Thanks for the additional explanation.