Buying in margin -- Money is overstating the assets in my account
1 answers - 447 bytes -

When I buy stocks in margin, Money mistates the amount I have in my account
as a total of my assets.
For example, let's say I have $50,000 cash, and then buy $70,000 worth of
stocks.
After the transaction, Money says that I have $70,000 worth of stocks.
However, this by itself overstates my value. It should be:
$70,000 stocks
-$20,000 margin account
Does anyone know how to correct this? Thanks much!
No.1 | | 625 bytes |
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In microsoft.public.money, Mike wrote:
>When I buy stocks in margin, Money mistates the amount I have in my account
>as a total of my assets.
>For example, let's say I have $50,000 cash, and then buy $70,000 worth of
>stocks.
>After the transaction, Money says that I have $70,000 worth of stocks.
>However, this by itself overstates my value. It should be:
> $70,000 stocks
> -$20,000 margin account
>Does anyone know how to correct this? Thanks much!
The cash transactions account associated with that investment
account should have a -$20,000 value.