Re: 401k tracking
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Posted by Mark on July 17, 2004 at 11:52:19:
In Reply to: 401k tracking posted by Jackson on July 17, 2004 at 07:31:23:
: I want to begin tracking my 401k, checking and savings accounts to give a complete financial picture.
: I only want to record my quarterly position in an overall view. For example, my contribution, company contribution, fund performance. I am not sure how to do this.
: The same with cash,,, end of month statement, showning interest earned. I believe the cash is in the tips/tricks but I can't find anything on the 401K.
: Thanks
: Jackson Hi Jackson, For all of these accounts, I'd suggest treating them like cash accounts,
with a constant $1 share price. When you record a contribution (yours or
from your company), just record a buy with the number of shares equal to
the dollar value of the contribution, and the share price kept at $1. To
record increases or decreases in the value, use a reinvested distribution
with the shares equal to the amount the account went up or down, and keeping
the constant $1 share price. Cash/checking accounts work the same, just keep the share price at $1. All
your transactions would have the number of shares equal to the dollar amount
of the transaction. Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003
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