SHARE TRANSFER BEWEEN ACCTS

[Tom Roberts]

The only way I see to transfer shares between between a new investment account and an existing account in MS Money is to sell the security, transfer the funds to the new account and repurchase ?

I couldn't find a function in Money to do it, but if anyone has I'd be grateful to hear about it. 

 

[Dan Adkins]

I simply use the remove shares and add shares, noting the car in the memo.

On Wed, Mar 5, 2025, 10:13 PM Tom Roberts <tomandre...@gmail.com> wrote:

The only way I see to transfer shares between between a new investment account and an existing account in MS Money is to sell the security, transfer the funds to the new account and repurchase ?

I couldn't find a function in Money to do it, but if anyone has I'd be grateful to hear about it. 

 

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[Jonathan Casiot]

I've always used Account->Investment Transactions->New and then Transfer Out in the Activity drop-down list.

Jonathan.

[Ameridan (microsoftmoneyoffline.wordpress.com)]

I actually looked in my file, and see that I too use transfer out of shares (not remove shares).   Sorry for the confusion, it was bedtime.

[Cal Learner]

I prefer, in a case where you are moving an entire account to a new
broker to change the details on the account from the old broker to
the new broker.  That way there is no ambiguities and things are
simpler.  If you are using downloaded statements, stop that for the old
broker .  Set up the new broker.  If you download
some TransferOut or TransferIn transactions from the ACATS process,
just Void or Delete them.  Note that your old broker may continue
to receive dividends for a month or two, and do an ACATS transfer
of funds periodically.  During that period, you could keep the
transferred-in funds as deposits, or you could Void those, and
hand-enter the dividends.

[Ameridan (microsoftmoneyoffline.wordpress.com)]

When I do Roth conversions, I usually select an investment to transfer directly from tradIRA acct to the Roth IRA acct.  A good example - say you have a 1 year CD that pays interest at maturity.  If you transfer prior to maturity, ALL of the interest will be credited to the Roth acct, which wouldn't have been the case if the CD had been sold before the conversion, or if the transfer was made after interest was posted.

[Tom Roberts]

Thanks for all the input.

The shares in the new USD account have a different symbol (BEP) versus the shares (BEP.UN) in originating account in CAD.

Using the transfer out option I don't believe I can change the symbol of the transferred shares. When I look at the price history of the shares it reflects the CAD amount. 

So it looks like the best bet is not to use transfer out but to convert the CAD to USD and transfer the funds betwee the cash accounts and then record the buy in the USD account. Otherwise the share price remains in CAD in a USD account, even though the account settings confirm it is a USD account. 

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[Cal Learner]

Tom: I presume that you can change the symbol, but you would be changing the symbol for the stock-- not just for the account. 

When I change a symbol in Details, I add a note to the comments such as "was  BEP.UN". Such comments show up in the Memo column of the Portfolio. I use the Comment/Memo for various purposes. I can sort by that.

If I hold a Canadian stock, I might start my Comment/Memo with *CAN. I also have *GBR.

[Tom Roberts]

Cal - since the "transfer from" account is in CAD and the "transfer to" account is in USD, I was expecting the purchase price per share to adjust but it didn't. The stock price after the transfer shows the same price. If i change the ticker, then i expect updated price will drop by the exchange rate amount or more. I think I'm expecting too much.  Thanks. 

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