How do I set up an account of mutual funds? Before you start to keep records for a mutual fund investment using Money, you must first create an account mutual fund investments. To do this, take the following measures:
1. View the list of accounts.
Click the Investing in the top of the screen, then select Investing Center. Money displays the management of your investments and savings of the window.
2. Tell Money you want to create a new account.
To configure a new account, click Create a new investment account link.
When you do that, the money starts the installation process a new account and displays the first New Account dialog box.
3. Name of financial institution that holds the mutual fund investment.
Identify the company's mutual funds by typing the name of the company in the area or by selecting the name of the combo. Click the Next button to continue. Money can view a list of names similar to the financial institution that you entered. If you see the full name of the financial institution list, click it to select it. Then click the Next button again.
4. Tell Money you set up an investment account.
When Money displays the second new Account dialog box, select the investment of the list box. Click the Next button.
NOTE Some financial institutions offer a feature setup into account that money can be used to configure your account. If this is the case with the financial institution you have chosen, the money you say and provides instructions on how to complete the installation process for online account.
5. Identify the account name and currency.
When Money displays the third New Account dialog box, enter a name for the
account in the Name box. This is the name you use in Money
refer to the account. Check also that the currency area shows good
currency for the account. Money assumes the currency of the investment account is the default, or main news.
Money also wondered about the taxation of investment account. Click on a button that the tax status button to indicate whether the investment account is taxable or tax deferred.
6. Describe the investments you've already done.
When Money asks whether you want to add investments for the account, click Yes, I will add investment option button now. Then click Next
button.
7. Name of the investment.
Type the name of mutual funds in the combo name investment. For
For example, if the name of the mutual fund index is 500, you can choose what the name of investment mutual fund. Then click the Next button.
8. Identify the investment as a mutual fund.
When Money asks what type of investment that you add to the account,
Select mutual funds. Then click the Next button.
9. Describe the new mutual funds.
Use the new mutual fund dialog to better describe the mutual fund
investment. Enter the name of mutual fund in the Name box. If
you know the symbol of the mutual fund, it will enter the symbol box. (You do not have to save the symbol of mutual funds here, but this allows you to extract information updates share price on the Internet.) Select a country from the country list box to describe the mutual fund invests. If you enter a European country, use the check box to specify whether the Euro currency mutual fund uses the new euro. Finally, select the checkbox state if the investment income of mutual funds is exempt from tax. (Mutual funds that exist in bonds issued by state and local government agencies are often exempt from federal income taxes.) When you have finished describing the new mutual fund, click Finish.
Posted on January 7, 2010.
