ETF Investments - Need MSMoney Advice

I have several ETF investments in my portfolio. Unfortunately there is no
"ETF" investment type in MSMoney 2007. Those of you who have ETF
investments: do you label them as mutual funds or stocks? The trouble with
labeling them as stocks is that long-term and short-term capital gains are
not permitted investment activities - and some ETFs have these. Tracking
them in Money as mutual funds caused some other grief, which I forget. So
three questions for all you MSMoney investment wizards out there:

Do you find it easier to track your ETF investments as stocks or mutual funds?

Why?

And is this addressed in the 2008 version of Money?

Thanks for your help!
Reddog

Cal
Fri Dec 21 13:22:34 CST 2007

In microsoft.public.money, RedDog wrote:

>I have several ETF investments in my portfolio. Unfortunately there is no
>"ETF" investment type in MSMoney 2007. Those of you who have ETF
>investments: do you label them as mutual funds or stocks? The trouble with
>labeling them as stocks is that long-term and short-term capital gains are
>not permitted investment activities - and some ETFs have these. Tracking
>them in Money as mutual funds caused some other grief, which I forget. So
>three questions for all you MSMoney investment wizards out there:
>
>Do you find it easier to track your ETF investments as stocks or mutual funds?
>
>Why?

I would follow the lead of the download from the broker if
applicable. I used Stock, probably for that reason. If I got CG
transactions, I would use MF.


>
>And is this addressed in the 2008 version of Money?

Plus/2008 does allow you to switch those back and forth between
those, as long as you don't have transactions incompatible with the
other type-- including the CG examples you gave.

>
>Thanks for your help!
>Reddog

RedDog
Fri Dec 21 20:14:00 CST 2007

Thanks for the response Cal. Given that one of the "selling points" of
upgrading to Money 2006 was the brand new "ETF Center", you'd think that by
2008 they would have introduced an ETF investment type in the portfolio! Ah
well... so it goes!

DJ

"Cal Learner-- MVP" wrote:

> In microsoft.public.money, RedDog wrote:
>
> >I have several ETF investments in my portfolio. Unfortunately there is no
> >"ETF" investment type in MSMoney 2007. Those of you who have ETF
> >investments: do you label them as mutual funds or stocks? The trouble with
> >labeling them as stocks is that long-term and short-term capital gains are
> >not permitted investment activities - and some ETFs have these. Tracking
> >them in Money as mutual funds caused some other grief, which I forget. So
> >three questions for all you MSMoney investment wizards out there:
> >
> >Do you find it easier to track your ETF investments as stocks or mutual funds?
> >
> >Why?
>
> I would follow the lead of the download from the broker if
> applicable. I used Stock, probably for that reason. If I got CG
> transactions, I would use MF.
>
>
> >
> >And is this addressed in the 2008 version of Money?
>
> Plus/2008 does allow you to switch those back and forth between
> those, as long as you don't have transactions incompatible with the
> other type-- including the CG examples you gave.
>
> >
> >Thanks for your help!
> >Reddog
>

Michael
Sun Dec 23 18:35:08 CST 2007

ETFs are a variety of closed-end mutual funds, which are really stocks.
That's why most brokerage houses classify them as that -- if you come up
with a transaction that's hard to enter, identify it as "other income" which
will then give you the choice of a LT capital gain.
--
Michael Gordon


"RedDog" <RedDog@discussions.microsoft.com> wrote in message
news:7229CD05-9137-4409-8F03-E9FBDF1088B0@microsoft.com...
> Thanks for the response Cal. Given that one of the "selling points" of
> upgrading to Money 2006 was the brand new "ETF Center", you'd think that
> by
> 2008 they would have introduced an ETF investment type in the portfolio!
> Ah
> well... so it goes!
>
> DJ
>
> "Cal Learner-- MVP" wrote:
>
>> In microsoft.public.money, RedDog wrote:
>>
>> >I have several ETF investments in my portfolio. Unfortunately there is
>> >no
>> >"ETF" investment type in MSMoney 2007. Those of you who have ETF
>> >investments: do you label them as mutual funds or stocks? The trouble
>> >with
>> >labeling them as stocks is that long-term and short-term capital gains
>> >are
>> >not permitted investment activities - and some ETFs have these.
>> >Tracking
>> >them in Money as mutual funds caused some other grief, which I forget.
>> >So
>> >three questions for all you MSMoney investment wizards out there:
>> >
>> >Do you find it easier to track your ETF investments as stocks or mutual
>> >funds?
>> >
>> >Why?
>>
>> I would follow the lead of the download from the broker if
>> applicable. I used Stock, probably for that reason. If I got CG
>> transactions, I would use MF.
>>
>>
>> >
>> >And is this addressed in the 2008 version of Money?
>>
>> Plus/2008 does allow you to switch those back and forth between
>> those, as long as you don't have transactions incompatible with the
>> other type-- including the CG examples you gave.
>>
>> >
>> >Thanks for your help!
>> >Reddog
>>

RedDog
Sun Dec 23 21:19:02 CST 2007

Excellent! I hadn't realized that "Other Income" would then let me
subcategorize it as a capital gain. Works like a charm. Thanks!

Red

-------------

"Michael Gordon" wrote:

> ETFs are a variety of closed-end mutual funds, which are really stocks.
> That's why most brokerage houses classify them as that -- if you come up
> with a transaction that's hard to enter, identify it as "other income" which
> will then give you the choice of a LT capital gain.
> --
> Michael Gordon
>
>
> "RedDog" <RedDog@discussions.microsoft.com> wrote in message
> news:7229CD05-9137-4409-8F03-E9FBDF1088B0@microsoft.com...
> > Thanks for the response Cal. Given that one of the "selling points" of
> > upgrading to Money 2006 was the brand new "ETF Center", you'd think that
> > by
> > 2008 they would have introduced an ETF investment type in the portfolio!
> > Ah
> > well... so it goes!
> >
> > DJ
> >
> > "Cal Learner-- MVP" wrote:
> >
> >> In microsoft.public.money, RedDog wrote:
> >>
> >> >I have several ETF investments in my portfolio. Unfortunately there is
> >> >no
> >> >"ETF" investment type in MSMoney 2007. Those of you who have ETF
> >> >investments: do you label them as mutual funds or stocks? The trouble
> >> >with
> >> >labeling them as stocks is that long-term and short-term capital gains
> >> >are
> >> >not permitted investment activities - and some ETFs have these.
> >> >Tracking
> >> >them in Money as mutual funds caused some other grief, which I forget.
> >> >So
> >> >three questions for all you MSMoney investment wizards out there:
> >> >
> >> >Do you find it easier to track your ETF investments as stocks or mutual
> >> >funds?
> >> >
> >> >Why?
> >>
> >> I would follow the lead of the download from the broker if
> >> applicable. I used Stock, probably for that reason. If I got CG
> >> transactions, I would use MF.
> >>
> >>
> >> >
> >> >And is this addressed in the 2008 version of Money?
> >>
> >> Plus/2008 does allow you to switch those back and forth between
> >> those, as long as you don't have transactions incompatible with the
> >> other type-- including the CG examples you gave.
> >>
> >> >
> >> >Thanks for your help!
> >> >Reddog
> >>
>
>
>

Michael
Mon Dec 24 18:07:11 CST 2007

Glad we could help, Red.

--
Michael Gordon


"RedDog" <RedDog@discussions.microsoft.com> wrote in message
news:010ECF2B-2EC7-43EE-8D9D-DB39EEBA7FCA@microsoft.com...
> Excellent! I hadn't realized that "Other Income" would then let me
> subcategorize it as a capital gain. Works like a charm. Thanks!
>
> Red
>
> -------------
>
> "Michael Gordon" wrote:
>
>> ETFs are a variety of closed-end mutual funds, which are really stocks.
>> That's why most brokerage houses classify them as that -- if you come up
>> with a transaction that's hard to enter, identify it as "other income"
>> which
>> will then give you the choice of a LT capital gain.
>> --
>> Michael Gordon
>>
>>
>> "RedDog" <RedDog@discussions.microsoft.com> wrote in message
>> news:7229CD05-9137-4409-8F03-E9FBDF1088B0@microsoft.com...
>> > Thanks for the response Cal. Given that one of the "selling points" of
>> > upgrading to Money 2006 was the brand new "ETF Center", you'd think
>> > that
>> > by
>> > 2008 they would have introduced an ETF investment type in the
>> > portfolio!
>> > Ah
>> > well... so it goes!
>> >
>> > DJ
>> >
>> > "Cal Learner-- MVP" wrote:
>> >
>> >> In microsoft.public.money, RedDog wrote:
>> >>
>> >> >I have several ETF investments in my portfolio. Unfortunately there
>> >> >is
>> >> >no
>> >> >"ETF" investment type in MSMoney 2007. Those of you who have ETF
>> >> >investments: do you label them as mutual funds or stocks? The
>> >> >trouble
>> >> >with
>> >> >labeling them as stocks is that long-term and short-term capital
>> >> >gains
>> >> >are
>> >> >not permitted investment activities - and some ETFs have these.
>> >> >Tracking
>> >> >them in Money as mutual funds caused some other grief, which I
>> >> >forget.
>> >> >So
>> >> >three questions for all you MSMoney investment wizards out there:
>> >> >
>> >> >Do you find it easier to track your ETF investments as stocks or
>> >> >mutual
>> >> >funds?
>> >> >
>> >> >Why?
>> >>
>> >> I would follow the lead of the download from the broker if
>> >> applicable. I used Stock, probably for that reason. If I got CG
>> >> transactions, I would use MF.
>> >>
>> >>
>> >> >
>> >> >And is this addressed in the 2008 version of Money?
>> >>
>> >> Plus/2008 does allow you to switch those back and forth between
>> >> those, as long as you don't have transactions incompatible with the
>> >> other type-- including the CG examples you gave.
>> >>
>> >> >
>> >> >Thanks for your help!
>> >> >Reddog
>> >>
>>
>>
>>