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    • Why Is Money Market Missing?

    Member ✭✭✭✭
    edited December 2024 in Registers & Transactions (Mac)

    I am running QMac v Version 7.10.1 (Build 710.55389.100) and MacOS 15.0.1.

    In my brokerage account, my default cash position is in a Fidelity Government Money Market (SPAXX). However for some reason when I look at my Portfolio tab this investment does not appear. There is no mention of cash at all. Since this is just another mutual fund position in my account, like other mutual funds, shouldn't it show up just like any other investment?

    The dividends from the money market show up in Transactions monthly. Yet Quicken does not show where these dividends have gone since it does not show the money market fund. It simply shows the cash balance in the account as "0". This creates difficulty in assessing my account. Can it be corrected?

    Thank you in advance for helping.

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    Best Answer

    • Quicken Mac Subscription SuperUser, Mac Beta Beta
      edited November 2024 Answer ✓

      If this is a Fidelity account (and I'm assuming it is) then that's the way Fidelity reports it to Quicken, there's nothing Quicken can do about it. Any money in Core is reported as Cash - all my Fidelity accounts do that regardless of what the Core position is. Not all brokerages handle things that way - for example, my Vanguard account explicitly shows the uninvested cash in my IRA as being in VMFXX. Any cash that comes in is used to buy more shares of VMFXX within a business day or so, so the cash balance is never non-zero for long.

    Answers

    • Quicken Mac Subscription SuperUser, Mac Beta Beta
      edited November 2024

      I've had some accounts show the core position as the cash balance, and I've had some show it as an actual investment alongside the other investments in the account. I've never had one do neither.

      My Fidelity CMA has SPAXX as the core position and it shows as the cash balance, not as an investment in SPAXX.

      If you have your Portfolio page displaying Performance it won't show Cash, but if you have it displaying Portfolio Value there should be a Cash line if you have any.

    • Member ✭✭

      Is there anyway to get Quicken Mac to include reinvested dividends in portfolio return?

    • Quicken Mac Subscription SuperUser, Mac Beta Beta
      edited November 2024

      This thread should help you out:

      Understanding Gain/Loss

      Steve29
    • Member ✭✭✭✭

      Thank you for this, Jon.

      I must admit I still don’t understand why my investment in the ETF SPAXX does not show up on my portfolio with my other ETFs.

      It may be my core position, and the NAV is always one dollar, but it isn’t cash and it doesn’t show up as an ETF investment in Quicken. I don’t understand why not.

      This doesn’t make sense to me. Is this a Quicken bug or is there a sensible explanation?

    • Quicken Mac Subscription SuperUser, Mac Beta Beta
      edited November 2024 Answer ✓

      If this is a Fidelity account (and I'm assuming it is) then that's the way Fidelity reports it to Quicken, there's nothing Quicken can do about it. Any money in Core is reported as Cash - all my Fidelity accounts do that regardless of what the Core position is. Not all brokerages handle things that way - for example, my Vanguard account explicitly shows the uninvested cash in my IRA as being in VMFXX. Any cash that comes in is used to buy more shares of VMFXX within a business day or so, so the cash balance is never non-zero for long.

    • Member ✭✭✭✭

      Looking at my Fidelity account I see what you mean. My list of positions does not show SPAXX, but under details, all of my ETFs including SPAXX are shown. I guess Quicken pulls the data from the list of positions rather than from the details. A quirk of Fidelity and not Quicken.

      Thanks, I appreciate your help!

    • Quicken Mac Subscription SuperUser, Mac Beta Beta

      A few years ago, Quicken began reporting some brokerage money market funds/ETFs as cash. Schwab was the notable one that got a huge amount of discussion here, and I was always under the impression that the change was instigated by Schwab, not Quicken. So it sounds like the same thing occurs with the Fidelity SPAXX as the core account. I don't know when that began, but from this discussion, it sounds like it's a function of what Fidelity chooses to download, not something Quicken is doing arbitrarily:

      https://community.quicken.com/discussion/7940879/why-doesnt-spaxx-fid-govt-money-market-show-in-my-portfolio

      It's not a bug in Quicken; it's what Fidelity reports. To compare Quicken to a Fidelity statement, you just have to take the total of the the SPAXX and cash in the account to compare to the Cash line in the quicken portfolio.

      Quicken Mac Subscription • Quicken user since 1993
    • Member ✭✭✭✭

      Thanks again! Honestly not a serious problem now that I know what to look for. I appreciate all the help you have provided.

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