How Do I Update Mutual Fund Share Price Information?

By: Stephen L. Nelson, CPA

You can update mutual fund share prices in three ways. First, you can simply record
a new transaction. Whenever you record a new mutual fund investment transaction-
perhaps it is a recent purchase of new shares or the reinvestment of some recent
distribution-Money gets a new share price as part of the information you enter.
Money uses the most recent share price to estimate the value of shares in the account.
From that point forward, Money uses that share price in its estimates of the mutual
fund account value.

Second, you can get updated share price information over the Internet. If your com-
puter connects to the Internet and if you provided the mutual fund's security symbol
when you set it up, click Update Price link in the investment account register. Then
choose Update Price Online from the submenu, and Money initiates a connection to
the Internet and retrieves updated mutual fund share price information.

Third, you can update share prices manually. To do this, click the Update Price link
in the investment account register. Then choose Update Price Manually from the
submenu, and Money displays the Update Price dialog box.

To use the Update Price dialog box, name the mutual fund investment using the
Investment box. Then enter the date for which you have a share price in the Date box
and the updated market price in the Price box. Then click the Update button. Money
adds the new price information to the list box shown in the bottom portion of the
Update Price dialog box.

NOTE If you enter an incorrect mutual fund share price, you can remove it. To do so,
click the incorrect share price to select it and then click the Delete button.

How do I get good investment account summary information?

Money provides great tools to help you monitor the investments you have made in
mutual funds.

One of the convenient ways to see how your investments are performing and what
condition they are in is simply to display the account summary for a mutual fund
investment account. To do this, first display the Pick An Account To Use window by
clicking the Accounts & Bills link and then selecting Account List. Then click the link
that points to the investment account you want to examine in more detail. When you
do this, Money displays the Holdings window for the investment account you selected.

Note that the window provides good summary information, including the last
transaction involving the mutual fund, the most recent price, the amount you have
invested (this is the cost basis), the market value based on the most current share price,
and the unrealized capital gains for the investment. (An unrealized capital gain is just
a capital gain that you will experience if you sell the investment at the current price.
Unrealized capital gains give you some idea of how much money you've made thus far
in an investment-and it also gives you an idea of what gains you need to report on
your tax return if you sold the investment and the investment is in a taxable account.)

If you click the Portfolio button, Money displays summary information about all your
investment accounts and, if you have an Internet connection, information about the
financial markets using the Portfolio window. In the Portfolio window, Money includes
a See Different View link in the list of common tasks. Click this link to display a menu
of different views you can use to examine your investment information. About a dozen
views are available. Experimenting with them will allow you to determine which are
most useful for your investing. The Portfolio window also supplies an Analyze My
Portfolio link in the other tasks area along the left edge of the window. When you click
this link, Money displays a menu of commands that let you look at your investments
as a group. This menu, for example, includes a command you can use to review your
asset allocation, your unrealized capital gains, and a list of investment reports you can
produce based on the information you have collected using the investment account
registers.

NOTE Asset allocation refers to the percentages of your portfolio that you have in-
vested in different classes of different investments.

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