Re: Another One Step Update Error - TD Ameritrade (Schwab)

On Tue, 5 Sep 2023 13:08:00 -0700 (PDT), John Pollard
<[email protected]> wrote:

>On Tuesday, September 5, 2023 at 2:55:47?PM UTC-5, John Pollard wrote:
>
>> It's not "instead of": it's a question of timing. 
>> Transfer the holdings to the new Quicken accounts 
>> before you do the first download to the new Quicken 
>> accounts - that download will happen at the conclusion 
>> of the Add Account process. 
>> 
>> If you transfer your holdings in Quicken, before you 
>> activate the new Schwab accounts, it will likely be 
>> easier to deal with the transactions that Schwab is 
>> going to download during the Add Account process.
>
>You might want to do a trial-run in a New (test) Quicken file.
>
>Manually create one Quicken account for each Schwab account. 
>Initiate the Add Account process for Schwab, 
>making sure each downloaded Schwab account is Linked to 
>the correct existing Quicken account.
>
>At the conclusion of that process, take note of the transactions 
>Schwab downloads. Some (perhaps all) of those transactions 
>will represent the transfer of your holdings from your previous 
>brokerage to Schwab. 
>
>You will not want those transactions when you do the 
>download to your regular file. Instead you will want the 
>transactions that Quicken will create when you use the 
>Quicken "Transfer shares between accounts" pseudo-transaction.
>
>Doing the test run should give you a good idea what to expect when 
>you do the Add Account for real. 
>
>You should be able to see just 
>which Schwab transactions you will want to delete when you do 
>the Add Account process in your regular file -
>because your Quicken "Shares transferred between accounts" 
>pseudo-transaction will transfer your holdings 
>more accurately/completely than the transactions 
>Schwab will download.


Thanks very much for this and your other two messages I just read. No
time now, but I'll follow your suggestions tomorrow.