Moving securities to new account - ?




STEVE 2003-09-09 23:27:49

I've transferred some securities from one investment account to
another. But now when I run an investment performance report, Q lists
the removals under Returns, and the additions under Investments. The
gain or loss remains the same, but the total numbers under Investments
and Returns are much higher than they should be. Any way around this?



STEVE 2003-09-10 08:37:54

Steve wrote:
>I've transferred some securities from one investment account to
>another. But now when I run an investment performance report, Q lists
>the removals under Returns, and the additions under Investments. The
>gain or loss remains the same, but the total numbers under Investments
>and Returns are much higher than they should be. Any way around this?


This is really annoying, maybe I'm missing something? Here's an
example:

Suppose you purchased a security for $1,000 a few years ago, and it's
now worth $2,000. You run an IP report, shows Beg Mkt Value $1,000,
End Mkt Value $2,000. Total investments $1,000, total returns $2,000.

You open a new brokerage account and transfer this security to the new
account. The IP report now shows:

Investments: $1,000 Beg Mkt Value + $2,000 added = $3,000 total

Returns: $2,000 End Mkt Value + $2,000 removed = $4,000 total

So your net gain is still the same $1,000, but the report's numbers
are very misleading. And it obviously gets worse every time you have
to transfer the security to a new account.

This type of transfer should show up on a transactions report, but it
should be a non-event on an IP report.










in progress...