investment terminology and types

[Derek Atkins]

Jon Lapham <lapham at extracta.com.br> writes:

> Steve Wallace wrote:
> > I think many people would consider CDs to be investments of a sort.  And
> > if you don't include CDs then what about Money Market Mutual Funds and
> > cash balances in brokerage accounts?  One commom complaint about Quicken
> > is that it is difficult to treat these like investments.  Most people
> > seem to want interest from these sources to be included in any
> > calculations of investment performance.
> 
> Right, I agree.
> 
> The point Derek is making (my interpretation of what he
> thinks... hopefully he will clarify) is that *most* of the time people
> do not consider an interest bearing income account an investment.
> 
> So, my idea was to put CDs, interest bearing accounts, money markets,
> etc in both the investments section, and in the setting up your bank
> accounts section.  Redundant?  Yes.  Thorough?  Uh, maybe?
> 
> Derek, what do you think?  In your email you said "I'm not convinced
> these are really investments" concerning these accounts, are you still
> leaning that way?

Yes, but so long as you "set them up" as part of the Bank settings, that's
fine with me.  Duplicating information is not necessarily a bad thing ;)

> -jon

-derek
-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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