How do I fund my investment account?


You must first deposit money into your investment account to fund any investment purchases. In Quicken, this transaction is recorded as a transfer of cash into the investment account.

  • Cash - cash In an investment portfolio, "cash" means relatively stable investments that can be easily changed into currency, such as a checking account, Treasury bills, a money market account, or even a short-term bond fund.

You can either record the transfer as a lump sum to establish a cash balance, or handle the transfers incrementally as you enter each Buy transaction.

It is also possible to fund an investment account by transferring shares from another investment account. These shares can then be sold to raise cash to fund new purchases.

  1. Open the account you want to use.
  2. Click Enter Transactions.
  3. In the Enter Transaction list, choose Cash Transferred into Account.
  4. Use this dialog to record a transfer of money into this investment account.
  5. Transferring cash into your investment account establishes a cash balance which can then be used to buy stocks, mutual funds, and other securities.

    Notes


    Recording a transaction in Quicken does not execute a real-world trade, transfer, or other transaction. Contact your broker to execute trades or transfers, and then manually record the transactions in Quicken-better yet, download them directly from your participating financial institution.

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Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.