I had an issue with entering bonds of any sort multiplying incorrectly

Tony Wazz

When I would choose the "Bonds Bought" option, the multiplier would add an extra decimal point to the cost. For example buying 1 bond at $10 would somehow cost $100 instead of $10. I've gone around the issue by just using "Buy - Shares bought" but I think the software sees it as stock and not a bond. I don't know what overall effect that has, if any. Or am I just doing it wrong? The pic on the left is the correct shares, price paid, total cost. The one on the left wants to do a base by 100.

q_lurker

"buying 1 bond at $10" with what face value? Bonds are usually bought in $1,000 face value increments. For one such bond, you may pay $900 (buying at a discount) to $1,100 (paying a premium). However on the open market, bonds are quoted based on (centered on) a $100 price. Buy the $1,000 bond for $900, you'll find the open market prices quoted at $90.

Quicken handles that by managing the bonds in 'share' units. One $1000 bond is managed as 10 'shares' of that security with a price.

But none of that matters in your case, because it does not appear you bought a bond. I assume the FID US BOND IDX is a Fidelity Bond Index Fund. You bought a mutual fund, not a bond. Use the Buy - Shares Bought approach.