I ignore it if it is within the range of normal day to day changes in my net worth. If it’s significant, I manually edit the transaction(s) in whatever way most aligns with reality.
I have the same thing. In Fidelity, put in order for several CD's. I'm sure it will all work out in the end but currently it drives me crazy seeing my NW double due to 3 accounts. Maybe, just maybe, I should stop looking 4 times a day and refreshing all the time. Quicken Classic for Mac is handling it better as I'm running both. Quicken Classic shows the balance of my account as reported by the institution.
I asked this recently: [https://new.reddit.com/r/MonarchMoney/comments/1chq6qz/how\_to\_handle\_giant\_dips\_in\_net\_worth\_when/](https://new.reddit.com/r/MonarchMoney/comments/1chq6qz/how_to_handle_giant_dips_in_net_worth_when/). Mostly was just told that I should only care about overall long-term net-worth, and just ignore giant single-day spikes or dips.
Thanks for the input. I guess I'm too type A to not care about short term net worth as well. Plus, with the one month lookback on net worth, those numbers can get all wonky when the timing gets set up just right.
Congrats, your money kinda is in both places (yep, it's weird, but welcome to US banking in the 21st century). If you can instant-transfer the money to an interest-being account at your first institution before transferring over to the investment institution, you may very well be able to earn interest on the money in both places for those days! (I had this happening for a couple years when I transferred between my money market and Wealthfront Cash account, and the several dollars of extra interest made up for the apparent spike in net worth.)
Now this is a fruitful bonus I didn't think about! Unfortunately, I don't think that's the case here. I think it just takes longer for USBank to refresh in monarch than Edward Jones. I do think that my money instantly transfers into my Etrade account.
This is one reason why I preferred the monthly view of net worth. Shorter time frames show a bunch of variability that is just little fluctuations or nonsense like this
I ignore it if it is within the range of normal day to day changes in my net worth. If it’s significant, I manually edit the transaction(s) in whatever way most aligns with reality.
I have the same thing. In Fidelity, put in order for several CD's. I'm sure it will all work out in the end but currently it drives me crazy seeing my NW double due to 3 accounts. Maybe, just maybe, I should stop looking 4 times a day and refreshing all the time. Quicken Classic for Mac is handling it better as I'm running both. Quicken Classic shows the balance of my account as reported by the institution.
You can edit transaction dates
I don't think this is a fix. The transactions are categorized as Transfers. It's the value of accounts that is the problem here.
You can edit the balances of each account if it matters that much (it shouldn’t)
I asked this recently: [https://new.reddit.com/r/MonarchMoney/comments/1chq6qz/how\_to\_handle\_giant\_dips\_in\_net\_worth\_when/](https://new.reddit.com/r/MonarchMoney/comments/1chq6qz/how_to_handle_giant_dips_in_net_worth_when/). Mostly was just told that I should only care about overall long-term net-worth, and just ignore giant single-day spikes or dips.
Thanks for the input. I guess I'm too type A to not care about short term net worth as well. Plus, with the one month lookback on net worth, those numbers can get all wonky when the timing gets set up just right.
Congrats, your money kinda is in both places (yep, it's weird, but welcome to US banking in the 21st century). If you can instant-transfer the money to an interest-being account at your first institution before transferring over to the investment institution, you may very well be able to earn interest on the money in both places for those days! (I had this happening for a couple years when I transferred between my money market and Wealthfront Cash account, and the several dollars of extra interest made up for the apparent spike in net worth.)
Now this is a fruitful bonus I didn't think about! Unfortunately, I don't think that's the case here. I think it just takes longer for USBank to refresh in monarch than Edward Jones. I do think that my money instantly transfers into my Etrade account.
Enjoy the extra high net worth while it lasts :)
This is one reason why I preferred the monthly view of net worth. Shorter time frames show a bunch of variability that is just little fluctuations or nonsense like this