DRIP set up

[Callum Murdoch]

Bill,
yes this sounds like the way to go as a seperate income account

On Thu, May 15, 2008 at 4:14 AM, Bill Jacqmein <wrjacqmein at gmail.com> wrote:

> What I normally do is book the dividends into income something like
> income/dividends/Fund X with corresponding entry into the brokerage
> account then create a buy from the brokerage account into Fund X.
>
> I think it could be done in this one transaction with the
> corresponding entry directly into Fund X but it works better in my
> head as two transactions: A payment of dividend and then a
> reinvestment purchase.
>
>
>
> On Wed, May 14, 2008 at 10:26 PM, corkscrew60 <cem22b at gmail.com> wrote:
> >
> > i'm a new user coming from quicken.
> > I have most things set up as i need, except for how to enter dividends
> > reinvested from mutual funds. Yes i've read the tutorial, where it gives
> an
> > example of how it is entered in the actual NST stock register. What i
> dont
> > understand is the screen dump below this showing the account tree. It
> looks
> > like to me that the stock NST is now a subaccount of DRIPS ?.
> > so how does that work if you have a broker account set up like as follows
> > Assets
> >   Brokerage Account
> >     -Fund X
> >     -Fund Y
> >
> > And dividends for both these are reinvested?
> > --
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> >
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