[Kmymoney-devel] transfers between a checking account and investment account

[Ram Bhamidipaty]

On Tue, Feb 23, 2010 at 8:55 AM, Jack <ostroffjh at users.sourceforge.net> wrote:
> (including the list in the reply, in case anyone else wants to add anything)
>
> On 2010.02.23 11:44, Ram Bhamidipaty wrote:
>>
>> Can money be transferred from a checking account to an investment account?
>>
>> In my svn build it looks like I cannot do that. Am I looking at this the
>> wrong way?
>
> This is an area I am hoping to improve significantly in the handbook.  An
> investment account only holds investments, not money.  When you create a new
> investment account, KMM asks if you want to create an associated brokerage
> account.  That is not absolutely necessary, but commonly, your investments
> are with an institution that also has a cash account that holds any
> non-invested funds.  (In KMM, the brokerage account is usually set up as a
> checking account.)  What you probably want to do is transfer money from the
> checking to the brokerage account, and then go to the investment account and
> purchase the investment (stock) with the money in the brokerage account.
>  (It is possible to specify the checking account directly as the source of
> funds in the "buy" transaction, but this does not generally reflect how the
> money actually flows.)
>
> Jack
>

Thank you - that makes sense. I hope I can add a brokerage account to an
already created investment account...

-Ram