How to manually add monthly investment balances?

DSJ · February 3

Each month, I want to update my total investment account balances (there are 4). I'm not interested in tracking my holdings in each account (the brokerage already does this), I just want to enter the total balances at the end of each month. The end goal would be to see the monthly change in value for each account over a year's time.

Despite this being a seemingly simple task, I am unable to figure out how to accomplish this. I added the investment accounts as manual investment accounts but perhaps they should be added as something else? Any advice appreciated!

DryHeat · February 3

@DSJ

If you don't want to connect the accounts and are only interested in maintaining the balance, you can use the "Other Asset" account type.

I have a 401k type account that was not downloading correctly. I replaced it with an Other Asset account and, once a month, I enter my disbursement and the net gain on the investments. That makes my ending balance for the month match my 401k statements.

SRC54 · February 3

You have four investment accounts, and they are not connected for downloads?

If you connect the account, Simplifi will automatically download your balance every day; then you can go to the Accounts Bar and choose Investments, then Performance and you will see a graph of how your accounts are performing. You can choose, week, month, 3 months, 6 months, etc.

It will show you a different line for each investment account. You also choose the particular investment account and see how it is doing by itself?

You don't have to do anything and whatever Simplifi downloads will be ignored in your Spending Plan.

Would this work for you?

DSJ · February 6

SRC54 I appreciate your answer but my stated criteria was " I'm not interested in tracking my holdings in each account." Basically, I don't want to connect these accounts to Quicken. I know it would be easier but I'm not comfortable with this setup. But I do thank you for taking the time to answer!

DSJ · February 6

@DryHeat

This seems like a feasible option. I'm going to try it! Thank you!

SRC54 · February 6

https://community.simplifimoney.com/discussion/comment/65294#Comment_65294

No problem. Let us know how it goes setting it up as an asset account. I did that for a while with my Cash Management account because I didn't like the set up as a connected account (though I made it a manual savings account).

One thing good about reconciling your asset once per month is you won't worry about the daily ups and downs. I try my best not to pay attention to that. 😀

How to manually add monthly investment balances?

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