Fidelity Updates Still Broken after Update

I finally did my conversion/ update. My last update was early September right before the deadline. I had some existing accounts and some new that had never seen a download.

It allowed me to link existing and setup new Quicken accounts for the new.

It had me re-authorize and then started downloading. For my old account, it said it downloaded 1000's of transactions, but it only downloaded like a month and a half! And put them in pending downloads. No placeholders added, which is strange.…but I just have to enter a few months of activity.

For the new accounts it also only downloaded a month and a half or so, and it did put in placeholders. I deleted those and entered the missing months, all good. I did try re-downloading because in the past, if I had more than 3 months to download, it would do it in 3 month chunks but this time it did not.

So, not too bad. The only question I have is I never saw a question whether to track the core MM account or not. And I don't see that in account options. For most accounts, I have a default core MM account and the FZDXX which has buys and sells. The dividends for this account it did not download as a buy.

I have been following all of these discussions, but not sure where things stand on the money market track or don't thing. I really don't care that much...just need to either continue tracking or not. I did expect if there is a core MM account and a non-core you use, it should probably show the buy and sell into that second one.

All in all not a bad conversion. Wish it would have downloaded all 3.5 months is all.

Thanks for any input.

[Edited - Readability]

Thanks. They are all brokerage accounts. For Quicken Windows, exactly where is the option? Account specific or global? If I change it before the next download I assume they will come through with buys and sells. Still confused as the one that didn't was not a default MM option...

Thanks

[Edited - Readability]

Thanks, it does! Can you confirm this is just for future downloads and it will not impact prior or current balances? Still a little concerned because I don't care if SPAXX is treated as cash, but want FZDXX treated as buys and sells, as they are so. Sometimes it is treating both as cash.

[Edited - Readability]

Kristina,

Recently, Fidelity reinvested some amount of cash in my brokerage account. While downloading the transaction I classified it as Reinvestment. Now, in the Account Holding window I see Cash and Cash Units. The later one comes from the Security List.

Is there a way to transfer Cash into Cash Units, for consistency?

I am in a similar situation. Some many transactions ago I kind of ignored in Quicken to transfer systematically Cash into FDRXX. So, my Holdings lists Cash and FDRXX. As long as their total is equal to the value of FDRXX specified in a Fidelity's account monthly statement I ignore the FDRXX share discrepancy alert coming from Qckn.

I am thinking, nevertheless, eventually to transfer, but only inside of Qckn accounts, cash into FDRXX by "buying" those shares, to be in sync with Fidelity monthly statements.

I also noticed that Qcnk now lists Cash Units in the Securities List. Not sure how the program differentiate them. I am awaiting for response from "Quicken Kristina" about how to transfer Cash into Cash Units.

I just converted. In my first post-conversion download it treated both my core money market funds and another money market fund I also use both as cash. I think I am just going to leave things be as I don't really care that much. FWIW I never saw the choice box on how to treat MM funds either during the process. The cash balance is hyperlinked and I can click on that and it asks about the current online vs quicken cash balance. My online tab looks same as before. Maybe I missed how to open the MM choice box but since everything ties out now I might just leave things. Do a fake sale of my MM so it hits cash and move forward.

My fear is what is mentioned by @qudtp does something with my history.

@leishirsute

Thanks.

I was just at about 120 days. Pre-conversion I could download one chunk, then download again and Fidelity would pick it up. This time it picked up about 30 days and a second download did nothing. So I keyed in 3 months, deleted placeholders and all is good.

But then one chase CC downloaded and another one didn’t so have to figure that out now😀

There are 2 aspects to this:

1) FDRXX is not listed as one of the potential money market funds that Quicken considers potential core funds. That's the list I pasted in my previous post: "Funds considered for treatment as cash." This may not have any practical impact, but might just be a bad list.

2) When I proceed, I can select FDRXX - Quicken displays a little drop-down menu that lists every money market fund I own in the account, including this one, but also including some funds that I know can never be used as core funds. That makes me suspicious of the list of funds. Neverthless, I pick FDRXX and can proceed.

3) Quicken then offers a number of options in terms of what will be the new cash balance, and one of the options is correct. BUT: in all cases, Quicken also indicates that it plans to delete older transactions involving FDRXX - transactions - some which occurred many years ago. These would be things like buy and sell transactions of that fund.

I already allowed Quicken to do this with one my accounts, and ended up with a balance of approximately -41,000, because Quicken deleted every instance in the past where I had ever redeemed shares of that fund. I had to find all of those deleted transactions and add to the cash balance through an Xin. (Alternatively, I could have just done a single large Xin on the current date, but that would have left my running balance in the account wildly wrong for basically the lifetime of the account.)

In fact my cash balance in Quicken is already correct, and my core fund is set to $0, because I have always forced them to be so. In the past, it meant doing a share adjustment and cash adjustment to fix the balances. More recently I simply block Quicken from making changes when it reports a fund and cash mismatch after downloading - I finally found that the way to do this is hidden behind the button to look at details, and if you do look at those details, the default when closing the window is to ignore the mismatch, which is the opposite of the default if you do not go into the details but simply close that mismatch window. And ignore is exactly the right behavior.

This is what I want:

1. Going forward, the fund FDRXX should be treated as cash.
2. Set my current cash balance as the current balance in FDRXX as reported by Fidelity.
3. DO NOT DELETE anything from my history. Leave my history alone, and just adjust my cash balance. (My cash balance in Quicken is already correct, and my core shares are zero. Everything is perfect. I want Quicken to leave it alone, and just GOING FORWARD, treat core activities as cash.)

How can I accomplish this?

I went simpler way. I just revised the transaction that Quicken allocated to Cash Units by selecting Cash instead. Luckily, I had only one of those.

Also, in the Online Services tab, I selected "Reconcile using online balance", i.e., the balance in the Fidelity, and proceeded to select Set/Edit button. While going through the following steps/process I eventually converted all my Cash into FDRXX to match what Fidelity site/statement were showing. They don't list any simple cash balance.

So, I am set now and satisfied.

Thank you.