New IRA Why Does it Show Massive Increase??

jboilaca
jboilaca Quicken Windows Other Member
in Investing (Windows)

Quicken 2013. I just created a new IRA account using my old 2018 statements. I deposited from checking $5500. I invested $5500

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substracting fees. And the amount is $7995?? I have spent HOURS trying to figure this out!

Comments

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

    The market value is the number of shares x the current price per share.

    In 2018 you bought 122.549 shares of AIVSX at 44.88 per share. The current price is $64.16 so your investment is worth about $7863.

    QWin Premier subscription
  • Boatnmaniac
    Boatnmaniac Quicken Windows Subscription SuperUser ✭✭✭✭✭

    If you click on the Holdings button you will see what the market price is, the extended market value and the costs basis value. This should confirm what @Jim_Harman stated. Have you been entering pricing for this security?

    But I'm curious. You stated that you are using Quicken 2013 which is a manual use only product now. But at the bottom of the picture you attached it shows "Download Transactions" which I thought does not show up in non-Subscription products and unless one has the account set up for downloading. Please confirm with Quicken product you are using.

    Quicken Classic Premier (US) Subscription: R65.29 on Windows 11 Home

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