Duplicate mutual fund securities
I have the same mutual fund in two different accounts. They are listed with slightly different names as per the downloaded transactions. So now I have the same fund listed twice, once for each account. How can I eliminate one of them?
Support Staff 2 Posted by Angie Rauscher on 07 Mar, 2012 05:12 AM
Dave65,
It seems this issue was lost in the shuffle. Could you please let me know if you're still having the problem?
Angie Rauscher
Moneydance Support
3 Posted by davet65 on 07 Mar, 2012 04:43 PM
Angie,
I still have the issue, and I don't understand what/why MD is doing it.
I have the same fund listed in 3 different accounts when I go into each account and look in Securities Detail. In one of them, there are no longer any shares as I sold them. In the other 2 accounts, there is a holding in each. When I look in my Securities List, that fund shows twice, not once and not three times.
I don't understand what I've got, nor how to fix it.
Support Staff 4 Posted by Ben Spencer on 08 Jul, 2012 04:28 PM
It sounds like you have created two securities with the same name. And then added one of these securities to two of your investment accounts and added the other to your third investment account.
Can you give me description of what you want to achieve.
i.e. do you only want to have a single instance of the mutual fund security in a single investment account.
Or do you want to have a single instance of the mutual find security but have different holdings in that security represented in each of your three investment accounts?
Ben Spencer
Moneydance Support
5 Posted by judith.feigin on 08 Jul, 2012 04:39 PM
Dear Ben,
Thanks for your response. I am not positive but may have at least two of
many municipal bonds in two accounts My personal investment account and my
late husband's trust account for the family. I also have a third
investment account that may have one of the same municipal bonds. I have
not finished going through the investment accounts, reviewing the CUSIP #
and making everything clean. This has been a huge project and I am still
learning.
What do you suggest I do as the next step in this enormous project?
Judith Z. Feigin
[email blocked]
1000 Uptown Park Boulevard
Unit 51
Houston, Texas 77056
713-552-1509 (Home)
713-417-1116
6 Posted by judith.feigin on 08 Jul, 2012 04:52 PM
Ben, I realized I didn't tell you what I want to achieve. I want all my
accounts in one place so I can see at a glance how I am doing financially
and what I need to pay attention to (i.e., reinvest dividends). No one
calls me to tell me, I have to be the initiator of financial investments.
My late husband used to carry that around in his head. I am not able to
do that as well, and so I am willing to work to use Moneydance on my Mac to
help me.
Judith Z. Feigin
[email blocked]
1000 Uptown Park Boulevard
Unit 51
Houston, Texas 77056
713-552-1509 (Home)
713-417-1116
7 Posted by davet65 on 08 Jul, 2012 05:21 PM
Ben said:
It sounds like you have created two securities with the same name. And then added one of these securities to two of your investment accounts and added the other to your third investment account.
Can you give me description of what you want to achieve.
i.e. do you only want to have a single instance of the mutual fund security in a single investment account.
Or do you want to have a single instance of the mutual find security but have different holdings in that security represented in each of your three investment accounts?
I would like to have a single instance of the mutual fund with holdings in several different accounts. I don't doubt that I created two slightly different securities, perhaps by letting MD create a new one by failing to match a download to the first instance, but I want to end up with one mutual fund listing. The only difference I can see in the Securities setup is that one has Value Suffix = Shares and the other has Value Suffix = ABCDEShares [where ABCDE is the fund symbol]. So I want to "convert" the holdings in one of the security listings to the other, hopefully without having to Edit all the transactions, unless I can do it by Batch.
As an aside, is there a way to have MD report on all of the holdings in a security in one place rather than by account? How about a report by security, perhaps subtotaled by account?
And if I have a security which is no longer active with 0 shares, but I want to see some history, it is strictly trial-and-error to find that security by searching each and every account separately. And having to go to security detail to do that, as the security [correctly] doesn't show up in the portfolio. That is a pain!
If you can currently do these things in MD, I don't know how.