[moneydance] How do I add pre-existing securities to an investment account?

[Jill Lundquist]

On 12/24/06, Michael Casteel <mac at casteel.org> wrote:
> Figure out the value of your IRA at the starting date you want. Create the account in MD with that dollar value. Create the securities and link them to that account, then enter 'buy' transactions as of the start date with the amount you figured for each security. Each buy will reduce the dollars in the account by that amount, so when you have entered all the buys, the cash balance in the account will be reduced to zero. If you have any rounding errors and end up a penny or so off, edit the account and tweak the beginning balance appropriately.

I did this last night and it worked well enough.  Thank you.

> The original buy dates shouldn't be a problem since they are held in an IRA and the stock trades don't have to be put on a tax return. (Not tax advice, just my understanding).

Yes, that's my understanding as well, but I do have to track which
contributions are pre-tax and which are post-tax, and I am doing this
for a taxable account as well.  In the taxable account I clearly
labeled the "Buy" transactions as "balance at end of 2005".  I hope I
don't think in years to come that I actually bought them on
2005/12/31.

       Jill