How to keep two accounts that have the same stock from showing each other's status?

Question

Running Quicken Classic Deluxe, R63.21.

I have a regular IRA account and a ROTH IRA account that both have some of the same securities. When I open either of the accounts, I don't want to see the same securities from the other account.

How do I prevent this? I tried using a different name but it doesn't like that since the ticker symbol is the same.

bmciance · Answer

So just to get this straight, if you have Apple in both accounts are you saying that you see the shares that you own of Apple from both accounts in just the one that you open?  When you say "open the account" are you talking about the register?  A report?  A portfolio view?  What exactly.

I'm not sure what your concern is.  I have the same situation where I have a regular IRA, a Roth IRA and also an HSA.  I have many of the same securities in them.  However, when I look at a specific account I only see the shares that I own in that account, not the other shares.

Tom Young · Answer

"I have a regular IRA account and a ROTH IRA account that both have some of the same securities. When I open either of the accounts, I don't want to see the same securities from the other account."

I'm not sure how to read that last sentence.

On the one hand you might be saying, "when I open either of the accounts I'm seeing both that Account's holdings of Company X and the Company X stock in the other Account, and I don't want that.

Or, maybe you're saying, "when I open either of the Accounts I don't want to see at all in that open Account the Company X stock, that the other Account also has in it.

I'd think the 1st interpretation - absent some kind of internal Quicken error - simply isn't possible, but perhaps that's what you're referring to?

As to the 2nd interpretation, it seems like you'd simply never see that Company X stock in either Account, and that doesn't seem to be very useful.

Based on what you said in the last sentence you want each Account in Quicken that holds the same stock to have dissimilar names?  See if this works for you, supplied by another SuperUser:

Many years ago, your type of setup was easy to do.  User could create a security with a ticker, then continue on creating a second security with exactly the same ticker, just as you currently operate.  Then they made a change where the second security would not get created if the ticker already existed.  But they left a back door open.  Create the second security with no ticker, then edit the security to add the ticker.  For quite a while I thought they would close that back door, but they have not (and will not, I suspect) because of users like you and Sherlock who have a defensible need.

[Deleted User] · Answer

@BasicQUser when you access an individual investment account, you should be only be seeing shares, MV, and transactions for that account only, regardless of the security also being in other investments accounts.  Maybe I am not understanding what the issue is.

Are  you having issues because the security is treated differently and maybe have different pricing, due to one being a mutual fund in a brokerage account and the other a collective fund?