(above).Should I create an investment account or an investment?
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Use investment accounts (An account type specifically tailored for investment record keeping. Generally, youÆll set up one investment account for each account statement you receive. YouÆll then add individual investments to this investment account.) to record the investments you hold at a brokerage firm or other financial institution. A good guideline is to create a separate investment account in Money for each brokerage statement you receive. If you have a 401(k), IRA, or other retirement plan, you need to create a special retirement account for it in Money.
After you've created an investment account in Money, you can add individual investments (An asset that an investor purchases with the hope that it will grow in value over time, such as stocks, bonds, mutual funds, certificates of deposit (CDs), and money market funds.) such as particular stocks, bonds, mutual funds, and CDs. You can have multiple investments in one investment account, just as you might hold a variety of investments through a single broker.
Once youÆve created an individual investment, you can use it in multiple investment accounts ù you donÆt need to recreate it each time you add it to an account in your portfolio.
Play the Creating new investment accounts video.
Which investment accounts should I set up?
How do I create an investment account?
How do I enter my current investment holdings?
What if I hold the same investment in more than one account?