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Q2009, Fidelity S&P Index fund shares

 
 
JohnSmith
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      10-27-2011, 09:19 PM

When I download transactions from the Fidelity/Corporate 401K account,
with Quicken 2009 Premier, it seems to get confused about my *ONE* (as in
single) S&P index fund.

This is the number of shares reported on Fidelity
SSGA S&P 500 INDEX, 5670.618

This is the cumulative shares reported in Quicken
SSGA S&P 500 INDEX 5253.518
SSGA S&P 500 INDEX 1 52.752
SSGA S&P 500 INDEX 2 20.403
SSGA S&P 500 INDEX 3 5670.618

The INDEX 3, is what I think came down today, why the others don't total
the same number of shared is very odd?

Each time I download, it wants me to create placeholders for shares in
order to "make the number of shares match between my FI and Quicken" (or
something like that).

I think this issue might have started when I tried to get smart and edit
the asset class mixture for this S%P fund, in an attempt to better
evaluate my stock/bond/cash balance across all investments.

In any event, this makes my market value appears ~2X the actual since the
shares reported in Quicken are ~2x the actual.

How can I make this go away? I'm way over my head here. ;-)

I'm thinking of trashing the entire account and forcing a completely new
download - but this would trash years of cost-basis, etc; although I not
really sure if I care.

Any guidance?




 
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JohnSmith
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      11-05-2011, 01:36 PM
JohnSmith said

Any help on this subject? I'm fixin' to backup and re-download my
entire 401k account, and lose whatever historical basis costs (I
assume). Not necessarily a biggie, but if there's another way......

?


> When I download transactions from the Fidelity/Corporate 401K
> account, with Quicken 2009 Premier, it seems to get confused about my
> *ONE* (as in single) S&P index fund.
>
> This is the number of shares reported on Fidelity
> SSGA S&P 500 INDEX, 5670.618
>
> This is the cumulative shares reported in Quicken
> SSGA S&P 500 INDEX 5253.518
> SSGA S&P 500 INDEX 1 52.752
> SSGA S&P 500 INDEX 2 20.403
> SSGA S&P 500 INDEX 3 5670.618
>
> The INDEX 3, is what I think came down today, why the others don't
> total the same number of shared is very odd?
>
> Each time I download, it wants me to create placeholders for shares
> in order to "make the number of shares match between my FI and
> Quicken" (or something like that).
>
> I think this issue might have started when I tried to get smart and
> edit the asset class mixture for this S%P fund, in an attempt to
> better evaluate my stock/bond/cash balance across all investments.
>
> In any event, this makes my market value appears ~2X the actual since
> the shares reported in Quicken are ~2x the actual.
>
> How can I make this go away? I'm way over my head here. ;-)
>
> I'm thinking of trashing the entire account and forcing a completely
> new download - but this would trash years of cost-basis, etc;
> although I not really sure if I care.
>
> Any guidance?


 
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John Pollard
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      11-05-2011, 02:52 PM
"JohnSmith" wrote

When I download transactions from the Fidelity/Corporate 401K account,
with Quicken 2009 Premier, it seems to get confused about my *ONE* (as in
single) S&P index fund.

This is the number of shares reported on Fidelity
SSGA S&P 500 INDEX, 5670.618

This is the cumulative shares reported in Quicken
SSGA S&P 500 INDEX 5253.518
SSGA S&P 500 INDEX 1 52.752
SSGA S&P 500 INDEX 2 20.403
SSGA S&P 500 INDEX 3 5670.618

The INDEX 3, is what I think came down today, why the others don't total
the same number of shared is very odd?

Each time I download, it wants me to create placeholders for shares in
order to "make the number of shares match between my FI and Quicken" (or
something like that).

I think this issue might have started when I tried to get smart and edit
the asset class mixture for this S%P fund, in an attempt to better
evaluate my stock/bond/cash balance across all investments.

In any event, this makes my market value appears ~2X the actual since the
shares reported in Quicken are ~2x the actual.

How can I make this go away? I'm way over my head here. ;-)

I'm thinking of trashing the entire account and forcing a completely new
download - but this would trash years of cost-basis, etc; although I not
really sure if I care.
------------------------------------------------------

If you don't care, I'm not sure what value my response will have. But ...

It's not clear just what events happened to produce the results you report.
So the process to fix the problem may be a bit problematic.

It appears that your financial institution may have downloaded transactions
for the same security with different security names, over time. Or you
manually entered transactions for a downloaded security using a different
security name.

That would not be a problem, if you had told Quicken that downloaded Name2
was the same as Name1 when Name2 first appeared. But if you allowed Quicken
to create a new security for Name2, then future downloads would fail to keep
your Quicken holdings correct, and you would get offers of placeholders.

You can (at least partially) recover from that choice by telling Quicken to
unmatch the downloaded security names, then re-match them correctly.

To tell Quicken that an existing Quicken security name should not be matched
to a downloaded security name, Edit the security in the Security List and
uncheck the box, "Matched with online security". When all the names for your
problem security (including the correct name) are unmatched, go to the
Online Center, select the Holdings tab of the investment account and click
"Compare to portfolio". Quicken should ask you what to do with any unmatched
security names: tell Quicken to use (match to) the proper security name from
your Security List.

[Security names that are not used in any Quicken transactions can be
deleted.]

Backup before trying any of the above.

[If it is your intention to record all your actual security transactions in
Quicken, you should never need a placeholder. If Quicken offers one, that
should be a reminder to verify your transactions and holdings for that
security. And you should refuse the offer of the placeholder.]


 
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JohnSmith
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      11-12-2011, 02:23 PM
John Pollard said

> "JohnSmith" wrote
>
> When I download transactions from the Fidelity/Corporate 401K
> account, with Quicken 2009 Premier, it seems to get confused about my
> *ONE* (as in single) S&P index fund.
>
> This is the number of shares reported on Fidelity
> SSGA S&P 500 INDEX, 5670.618
>
> This is the cumulative shares reported in Quicken
> SSGA S&P 500 INDEX 5253.518
> SSGA S&P 500 INDEX 1 52.752
> SSGA S&P 500 INDEX 2 20.403
> SSGA S&P 500 INDEX 3 5670.618
>
> The INDEX 3, is what I think came down today, why the others don't
> total the same number of shared is very odd?
>
> Each time I download, it wants me to create placeholders for shares
> in order to "make the number of shares match between my FI and
> Quicken" (or something like that).
>
> I think this issue might have started when I tried to get smart and
> edit the asset class mixture for this S%P fund, in an attempt to
> better evaluate my stock/bond/cash balance across all investments.
>
> In any event, this makes my market value appears ~2X the actual since
> the shares reported in Quicken are ~2x the actual.
>
> How can I make this go away? I'm way over my head here. ;-)
>
> I'm thinking of trashing the entire account and forcing a completely
> new download - but this would trash years of cost-basis, etc;
> although I not really sure if I care.
> ------------------------------------------------------
>
> If you don't care, I'm not sure what value my response will have. But
> ...
>
> It's not clear just what events happened to produce the results you
> report. So the process to fix the problem may be a bit problematic.
>
> It appears that your financial institution may have downloaded
> transactions for the same security with different security names,
> over time. Or you manually entered transactions for a downloaded
> security using a different security name.
>
> That would not be a problem, if you had told Quicken that downloaded
> Name2 was the same as Name1 when Name2 first appeared. But if you
> allowed Quicken to create a new security for Name2, then future
> downloads would fail to keep your Quicken holdings correct, and you
> would get offers of placeholders.
>
> You can (at least partially) recover from that choice by telling
> Quicken to unmatch the downloaded security names, then re-match them
> correctly.
>
> To tell Quicken that an existing Quicken security name should not be
> matched to a downloaded security name, Edit the security in the
> Security List and uncheck the box, "Matched with online security".
> When all the names for your problem security (including the correct
> name) are unmatched, go to the Online Center, select the Holdings tab
> of the investment account and click "Compare to portfolio". Quicken
> should ask you what to do with any unmatched security names: tell
> Quicken to use (match to) the proper security name from your Security
> List.
>
> [Security names that are not used in any Quicken transactions can be
> deleted.]
>
> Backup before trying any of the above.
>
> [If it is your intention to record all your actual security
> transactions in Quicken, you should never need a placeholder. If
> Quicken offers one, that should be a reminder to verify your
> transactions and holdings for that security. And you should refuse
> the offer of the placeholder.]
>
>
>


John, thank you so very much. I managed to fix this problem, per your
guidance. Your willingness to help people out on this newsgroup is
appreciated. Greatly appreciated!
 
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