JV in oil well - Asset or Investment?


Nick H

What's the best way to set this up in Quicken? Investments seem limited to
mutual funds and brokerage accounts. As an asset, however, it doesn't seem
to be included in investments. Advice?



Fred Smith

Investments are assets, but assets are not necessarily investments.

Quicken supports investments where the value can be updated on a regular
basis. Unless you can (or want to) regularly update the value of your oil
well interest, you are better off categorizing it as an asset.

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