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From: John Pollard on 2 Sep 2009 13:23
John Oliver wrote:

> But since I do have these awful placeholders building up now... how
> can I get rid of them? I don't know what "cost" they're looking for.
> I need to click on something in Quicken to make Quicken happy and
> take the placeholders away.

Delete them, just like you delete any other Quicken transaction.

Determine what the cause of the discrepancy is between your Quicken
holdings and the downloaded holdings, and enter your own transaction(s) to
correct the discrepancy.

[The "cost" (which you do not have to enter) is the same cost that any
other shares of a security would have. If Quicken adds, or removes,
shares in your account to correct, what it believes is a discrepancy;
Quicken has no way of knowing what those shares cost. So Quicken gives
you the "option" to tell it what they cost: you are not required to do
that.]

--

John Pollard


From: Andrew on 4 Sep 2009 07:43
ebloch wrote:
> All financial experts suggest that it is best to pay these fees from
> an account outside of the IRA and that would eliminate this problem.
>
> Eric
>
>
> "John Oliver" <joliver(a)john-oliver.net> wrote in message
> news:slrnh9ecmm.ue5.joliver(a)ns.sdsitehosting.net...
>> So, I have a 401(k) that is filling up with "placeholder entries",
>> presumably because the management firm sells some tiny portion of
>> shares to pay for expenses and doesn't feel the need to put specific
>> entries in the info it sends to me. So... what do I do with them?
>> Instead of a binary "trust Quicken / trust the downloaded info", it
>> asks me for a cost. Huh?
>>
>> --
>> * John Oliver http://www.john-oliver.net/ *

But we're talking about a 401K plan here, not an IRA; the OP probably
doesn't have such an option.

--
-------------------------------------------------------------
Regards -

- Andrew


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