Re: $05 Q: How to handle mutual fund maturity class change? by Michael
Michael
Mon Oct 16 09:16:00 CDT 2006
Which version of Money do you have? I seem to think that Standard didn't
offer these transactions. Easiest way to address the open question is with a
set of Remove and Add Shares transactions. Be sure to enter the basis info,
especially if this isn't a tax-deferred account.
--
Michael Gordon
"MyndPhlyp" <nobody@homeright.now> wrote in message
news:Oksj0HN8GHA.4224@TK2MSFTNGP02.phx.gbl...
>I see no transaction options in $05 that addresses mergers of stock. There
> are fewer options for stock than for mutual funds.
>
> Back to the open question: How do you handle the class change your way if
> only /*some*/ of the shares matured?
>
>
>
> "Michael Gordon" <gordonm@denison.edu> wrote in message
> news:eATtxnL8GHA.2120@TK2MSFTNGP03.phx.gbl...
>> No need to read between the lines -- they aren't the same symbol --
>> that's
>> the problem, right? Money deals with mergers, etc. but only with stocks,
> not
>> mutual funds. I agree it should. ........
>>
>> --
>> Michael Gordon
>>
>>
>> "MyndPhlyp" <nobody@homeright.now> wrote in message
>> news:e2UM86$7GHA.4404@TK2MSFTNGP04.phx.gbl...
>> > So... reading between the lines, to gather the shares under the same
>> > symbol
>> > is has to be a Sell/Buy, right? Sheesh. Hasn't anybody at M$ heard of
>> > mergers and acquisitions, converted shares, or mutual funds maturing?
>> >
>> > So how do you handle it your way if only /*some*/ of the shares
>> > matured?
>> >
>> >
>> > "Michael Gordon" <gordonm@denison.edu> wrote in message
>> > news:OyyGSF$7GHA.1560@TK2MSFTNGP04.phx.gbl...
>> >> Did I mention "move"? Didn't mean to -- if all of your shares were
>> >> converted, do the appropriate split (to get the correct number of
> shares)
>> >> and then rename the fund. There's no move involved.
>> >>
>> >> --
>> >> Michael Gordon
>> >>
>> >>
>> >> "MyndPhlyp" <nobody@homeright.now> wrote in message
>> >> news:ufBroq67GHA.3760@TK2MSFTNGP02.phx.gbl...
>> >> > Okay, I see where you're going - determine the split ratio and then
>> >> > move
>> >> > them. It's the "rename" and move bit I don't understand. I
>> >> > eventually
>> > have
>> >> > to move the converted shares into the appropriate fund. How's that
>> >> > accomplished?
>> >> >
>> >> > existing Class A shares = 43676.8
>> >> > existing Class B shares = 300.0
>> >> >
>> >> > Class B to Class A shares = 244.9 to 226.0
>> >> >
>> >> > remaining Class B shares = 55.1
>> >> >
>> >> >
>> >> >
>> >> > "Michael Gordon" <gordonm@denison.edu> wrote in message
>> >> > news:%23P7es657GHA.4084@TK2MSFTNGP05.phx.gbl...
>> >> >> Number of shares for both the old and new funds. Also, do you still
>> > have
>> >> >> shares of the old fund or were they all converted?
>> >> >> --
>> >> >> Michael Gordon
>> >> >>
>> >> >>
>> >> >> "MyndPhlyp" <nobody@homeright.now> wrote in message
>> >> >> news:%23ukixYz7GHA.3760@TK2MSFTNGP02.phx.gbl...
>> >> >> > What kind of details do you need?
>> >> >> >
>> >> >> >
>> >> >> > "Michael Gordon" <gordonm@denison.edu> wrote in message
>> >> >> > news:ue0VBsy7GHA.1252@TK2MSFTNGP04.phx.gbl...
>> >> >> >> It would be nice to do a spin-off, but Money doesn't offer that
>> > option
>> >> >> >> for
>> >> >> >> mutual funds. So the trick is to do a split/rename set of
>> >> >> >> transactions.
>> >> >> >> We
>> >> >> >> can help you with that if you provide some details.
>> >> >> >>
>> >> >> >> --
>> >> >> >> Michael Gordon
>> >> >> >>
>> >> >> >>
>> >> >> >> "MyndPhlyp" <nobody@homeright.now> wrote in message
>> >> >> >> news:%230fKTiw7GHA.4348@TK2MSFTNGP03.phx.gbl...
>> >> >> >> > Probably and old question here but I haven't found it
>> >> >> >> > scrolling
>> > back
>> >> >> >> > through
>> >> >> >> > time.
>> >> >> >> >
>> >> >> >> > After X number of years a mutual fund matures and is
> automaticly
>> >> >> > converted
>> >> >> >> > from Class B shares to Class A shares at the brokerage. Class
>> >> >> >> > A
>> > and
>> >> >> > Class
>> >> >> >> > B
>> >> >> >> > shares exist in the portfolio both before and after this
>> >> >> >> > activity.
>> >> >> >> >
>> >> >> >> > How does one handle it in Money 2005? A buy/sell messes up the
>> >> > overall
>> >> >> >> > ROI.
>> >> >> >> >
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