How do I set the value of a stable fund?

[Doug Laidlaw]

On Thursday 08 May 2008 4:37:14 am Derek Atkins wrote:
> Hi,
>
> Quoting Matt Burkhardt <mlb at imparisystems.com>:
> > On Wed, 2008-05-07 at 13:24 -0400, Derek Atkins wrote:
> >> Hi,
> >>
> >> Quoting Matt Burkhardt <mlb at imparisystems.com>:
> >> > For example, I have shares in the JPMorgan Stable Asset Fund - and the
> >> > price is ALWAYS $300 and is not listed as a fund or a stock anywhere.
> >> > How would I get it to calculate the total amount?
> >>
> >> Just treat it like a stock.  Give it some name and just treat it like
> >> a stock.  If the price is always $300 then the price is always $300.
> >> It's the same as if the price were always $1.
> >
> > Is there someplace I can set it?  Right now, it wants a Security Type
> > such as FUND or NYSE - but then I have no place to default a price.
> > Also, I can't include these on the default Assets &
> > Liabilities:Investment Portfolio Report - just get "An error occurred".
>
> Just enter a price into the Price Editor manually based on whatever
> you called the security when you created it.
>
> > So what I would like to see in my Accounts page is the price - I've
> > tried some additional fields, like the Total(USD) works great for mutual
> > funds and regular stocks that do have stock symbols.
>
> Right.
>
> >> > In the meantime, the way it maintains the price is by  issuing
> >> > dividends and reinvesting those into additional shares, so it still
> >> > has to act somewhat like a stock.
> >>
> >> Right.
> >>
> >> > Please remember to CC this list on all your replies.
> >> > You can do this by using Reply-To-List or Reply-All.
>
> -derek

Stocks here seem to work differently, but if you were opening an account for 
shares, you would set an opening price, either what you paid for it, or the 
stock's value on that date.  Could you put your value in the same place?

It behaves like a stock, but does that matter to you?  As far as you are 
concerned, is it simply an investment of $300?  (That was more a rhetorical 
question.)  The only similar one we own is in units that are listed on the 
Exchange like company shares, but reinvested dividends are used to create 
additional units at the ruling market price - a different setup.

Doug in Oz.