Investments

[Derek Atkins]

Dennis Powless <claven123 at gmail.com> writes:

[snip]
> I tried to place income accounts in the fund and it did not work correctly
>     1.  I placed the Income:Net salary account in the bottom of the
> Assets:Investments:WealthRUs:WealthRUs 403(b) Fund account and the
> income account grew larger.

This is supposed to happen.  As you get more income, the income
increases.  In other words, as you get income (dividends, in this case),
both your income AND your asset account will increase.  This is as it
should be.

[snip]
> I'm working on this, but I don't understand how the mutual fund
> account register works.  What do all the columns and lines mean?  I
> understand about shares and buy/sell etc..  Why is it always a say
> sell at the last section, when I am buying shares or is this the
> matching double entry?   The guide mentions buying shares from a
> checking account, but the images are not correct and it doesn't
> explain it very well.

It's the matching double-entry.  You can pretty much ignore anything
that isn't attached to the share account.  All the columns are important
for the share account itself, but for Splits to other accounts some
columns are unimportant.

> I think once I get this figured out it I would like to work on some
> documentation for the help areas to make some of this more clear.

Sounds good.

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-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
       warlord at MIT.EDU                        PGP key available