OFX data question

[chancee]

Mark, I'm trying to setup my Scottrade account but when I try and download transactions, etc... I get a message saying: Position information not available in OFX data.

This account currently only has cash in it. Would that be causing this problem? I was hoping to at least have the balance download. Thanks.

[Mark]

Hi chancee,

It sounds like the OFX doesn't list any positions, but it still may show your cash balance, which is separate from the positions in an OFX file. Try setting up a sub-portfolio, and adding your cash, and setting it as the default cash account. If you try reconciling, it may still work (I'm not sure, but it is easy enough to try). Going forward, you can just retrieve transactions. As soon as you buy something, and have a position other than just cash, the reconciliation should start working after that.