Trading accounts - when do they make sense?

Les lelliott5 at gmail.com
Fri Sep 7 13:52:19 EDT 2012


On 09/07/2012 11:22 AM, Ian K wrote:
> I put in quite a few transactions in foreign currency accounts from time to
> time, and don't find having the exchange rate dialog pop up onerous at all -
> it will suggest the previous exchange rate if the transfer is to an account
> with a preexisting transaction e.g. in the above scenario if you did another
> dining transaction it would have the rate there, so unless it moved a lot
> you could just hit return to accept it.
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I have investments denominated in 6 currencies.  So, I set up a currency
account (and individual currency sub accounts) under my brokerage
account and depending on what currency an investment is priced in, I
charge the appropriate currency account.  The price editor takes care of
the current prices of the stocks and I never have to do any currency
rate transactions, except when doing currency trades.  I don't use
Trading Accounts.




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