Transfer cash in/out "Defalt Cash Account" FM 8.x

[CGB]

Hi,

How do I transfer new cash in, or out to another portfolio (i.e. IRA), in FM 8.x when using a default cash account for the initial brokerage portfolio.

If I simply purchase shares in the default cash portfolio, will this mess up any portfolio performance reports/graphs?

When I sell a stock in brokerage and buy in another portfolio, I retain a false balance in the default cash portfolio. Should I simply sell cash shares to bring it back in balance?

Thank you.

[Mark]

Hi GCB,

This answer is specific to 11.x, as 8.x is no longer officially supported.

To add cash, record a buy or transfer in transaction. Keep the price at 1, and the shares equal to the value. To remove cash, use a sell or transfer out.

Adding cash does not mess up your portfolio performance report. It will show as "Contributed" into the cash investment, and also at the portfolio level. It will not adversely affect the gain or yields.

I didn't quite follow the scenario in the last part of your question. If you take money out of a default cash account, sell it, if you add money, record a buy. When using the default cash account feature, any used/generated money in the account will automatically add/remove from the default cash account.