Does Simple Tracking ALWAYS reduce cash to zero?

dherskovits
dherskovits Member ✭✭✭
in Investing (Windows)

I use UBS Financial Services for an investment account. That account allows use to write checks. I use the Simple Tracking method. Does that method ALWAYS reduce the cash balance to zero even though I keep a cash balance? How can I avoid Quicken reducing the cash balance to zero?

Answers

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I've never used Simple Investing, but my impression was that somewhere in the Investment Account - Holdings?, or at the bottom of the screen? - the distinction between "securities" and "cash" was retained.

    Perhaps the brokerage service has some sort of "sweep" fund, classified as a "security" into which all actual cash disappears?

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