I just purchased Quicken Deluxe 99. It looks simple enough to use, though I'm not sure where to start. I started trading in March of this year and I'm now on my 4th online broker. Suretrade, WebStreet, Livetrade and now MBTrading. I've got monthly statements from all except Livetrade, which I'll have them forward. A few questions:
How do I go about entering trades that are from different brokerage accounts? Should I set up seperate accounts for each, or just enter all trades as one account?
I do a lot of trading in the same group of stocks such as NSCP,DELL,SEEK. There are so many different lots it gets very confusing. Should these lots be entered as "First in first out" or what is the best way to identify the proper lots?
On all my monthly statements there is no tracking of commissions being charged, which vary sometimes depending on number of shares, order route taken, etc. How in the heck can all this be recorded properly if not on the statements?
Finally, when I have finished entering all data into quicken and decide to hire a CPA, do I simply send them a printout and copies of monthly statements, and they take it from there...how does that work? Sorry about all the questions, it's just this is all very new and overwhelming to me, like to learn all I can. Thanks for any help.
Ron Chamberlain |
