Stock investments

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AnthonyMS
AnthonyMS Member ✭
edited May 2022 in Investing (Mac)
Hello, what is the best way to set-up an investment account that will hold not yet publicly traded Common Stock shares that were gifted (0 cost) and Preferred Stock shares that were purchased? No bank or brokerage firm was involved.

Thank you!

Best Answer

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
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    You still need to create an Investment account, as that's the ONLY way, in Q, to hold investments.
    Just make it a manual account ... not connected for download.
    You can name this account anything that you'd like.
    For the Common stock, you probably want the "Shares Added" transaction. 
    For the Preferred stock, you need to follow what happened in the real world.  Did you purchase these recently?  Or so far back that using a BUY would be almost meaningless, and another ADD would work.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Options
    You still need to create an Investment account, as that's the ONLY way, in Q, to hold investments.
    Just make it a manual account ... not connected for download.
    You can name this account anything that you'd like.
    For the Common stock, you probably want the "Shares Added" transaction. 
    For the Preferred stock, you need to follow what happened in the real world.  Did you purchase these recently?  Or so far back that using a BUY would be almost meaningless, and another ADD would work.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • AnthonyMS
    AnthonyMS Member ✭
    Options
    Great, thanks for your help.
This discussion has been closed.

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