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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: pae who wrote (5919)11/11/1997 1:52:00 PM
From: pae  Respond to of 16892
 
P.S. The 10.00 vs. 9.99: the Daily Activity report in some cases (at least in the past) can have too many digits in the Net Change column. To handle that, apparantly the last (cents) digit is rounded up. But the actual amount was 1 cent less (I thought I had a cents sign on the keyboard ... when did that disappear?).

Not a complaint, just working out some book-keeping nitty-gritty. Anybody else? Do you "clear" your transaction on receipt of the email trade confirmation? Paper confirmation? Or the paper periodic report?

Cheers!



To: pae who wrote (5919)11/11/1997 3:36:00 PM
From: Larry Voyles  Read Replies (2) | Respond to of 16892
 
I use Quicken 6 to keep track of all my losses ;)

I usually allocate everything not attributable to the actual price of the stock to "commission". I don't think there's a fast way, since Quicken really, REALLY wants to help out by calculating everything for you and making it difficult to change when it's wrong. Doing that backwards math when you sell a stock can be fun, can't it?

Maybe Datek could put commission charged and the SEC fee on their e-mail trade confirmations??!?

BTW, I'm also assuming that the SEC fees are tax-deductible as "investment expense". Not that it's a great deal of money, I just don't want to get on the IRS' bad side over it. The IRS is a wonderful organization, full of bright, helpful, friendly people. Just don't audit me, okay?