How would you do this?


D

Dave Schwartz

In December 2003 I started a relationship with a new financial advisor. He
rearranged my portfolio, but did not actually close any accounts. What I
should have done back then was, in Money, cash in all of the accounts and
start new ones, with new names, so I could keep track of how my new advisor
is doing for me. I find the columns in the Portfolio window to be the
simplest to look at, instead of constantly creating reports. But since my
accounts go back to prior to December 2003, the ROI All Dates is not
representative of how my new advisor is doing.

How would you go back in time, and close all existing accounts that I had as
of December 2003 and open new ones as of that date? What is the best way to
determine how many shares of each stock I had as of a certain date? Should
I cash them in or just transfer them to the new accounts? If I transfer
them, is it the same as buying them as far as Money calculating the basis of
these accounts?

Thanks for your time, whomever answers.
 
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D

Dick Watson

Some comments inline.

Dave Schwartz said:
How would you go back in time, and close all existing accounts that I had
as of December 2003 and open new ones as of that date?
With lots of manual transaction movement...
What is the best way to determine how many shares of each stock I had as
of a certain date?
Some versions of Money have an As Of date on the Portfolio view, IIRC. Set
that to your 1993 date and use Standard view and you should get number of
shares held then.
Should I cash them in or just transfer them to the new accounts?
Transfer is probably the least bad way. Keep a copy of your file in case
things don't work out first time. Does Transfer ask for an effective date?
Can't recall immediately. If so, that might ease the manual transaction
movement burden.
If I transfer them, is it the same as buying them as far as Money
calculating the basis of these accounts?
It's not supposed to be. You will still have the basic problem of
determining performance since your change of adviser to before. But without
the ability to overlay market and economic forces for the periods involved,
so what? Q is how is your adviser doing under the conditions at hand. For
that, the Performance (or is it Returns Calc?) view that gives you RR over
various time periods might be better anyway.
 
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C

Cal Learner-- MVP

In December 2003 I started a relationship with a new financial advisor. He
rearranged my portfolio, but did not actually close any accounts. What I
should have done back then was, in Money, cash in all of the accounts and
start new ones, with new names, so I could keep track of how my new advisor
is doing for me. I find the columns in the Portfolio window to be the
simplest to look at, instead of constantly creating reports. But since my
accounts go back to prior to December 2003, the ROI All Dates is not
representative of how my new advisor is doing.
Take a look in December of 2006 at the TR 3 year figures.

Also look thru the various report (go to advanced reports if you are
not already set for that) and Customize to various date ranges.
How would you go back in time, and close all existing accounts that I had as
of December 2003 and open new ones as of that date? What is the best way to
determine how many shares of each stock I had as of a certain date?
For that, try the AsOf date in the upper right of the Money 2007
Portfolio. I think the cash part does not go back in time as we
would hope, but I think it does go back in time for stocks etc.

Should
I cash them in or just transfer them to the new accounts? If I transfer
them, is it the same as buying them as far as Money calculating the basis of
these accounts?
If you transfer the stocks to a new account in Money 2007, the
stocks keep their original basis dates and prices for tax
preparation and share identification when you sell. However the
capital gains manager and the portfolio manager performance numbers
start fresh from when the transfer was done. Perhaps that would
approximate what you want. You could set the transfer date to
whatever you want. I would not do it myself.

As to what you "should" do, I can't say. What I would do is to not
transfer the stocks to a new account. The portfolio will tell you
how you have done over the recent periods. Are you trying to measure
your advisor vs an earlier advisor? They each were in a different
period, so simple comparisons will not be natural.

I guess I would also suggest that you keep a copy/backup of how your
file looked at time of advisor change.
 

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