July 13, 2001
e-Z News is designed to help you maximize your use of the
Client Data System (CDS) program. Watch your e-mail for each
bi-weekly edition featuring tips, tricks and how-to's.
Tip of the Week: How to
liquidate a position.
In order to properly liquidate a
position it is essential to follow the steps below.
*Note: Do not attempt to liquidate a position by
merely using the sell feature. This could result in a partial liquidation
and may leave fractional
shares in the investment.
want to liquidate the Fidelity Magellan mutual fund for our client, Joseph
Ackerman. Let's begin from his contact record and click on the "I" icon to
bring up a list of his investments.
is a complete list of Joe's investments. Tag the Fidelity Magellan
Click Record, Liquidate Position.
are now prompted to fill in the appropriate information. Notice that the
Shares field has been populated for you. The Proceeds, Shares and Price/Share
fields are all calculated fields.
you populate two of those three fields and press the tab key on your
keyboard, the third field is automatically calculated for you. For this
example we typed in the Price/Share and pressed the tab key, thereby
populating the Proceeds field. Click OK.
You are now prompted to validate the
current investment. Click Yes.
will notice that the liquidated position is no longer on the summary list.
Where can you find the liquidated position?
the All tab click View,
you will see Joe's historical positions.
back to Joe's active positions Click View, Active Positions.
accidentally liquidated the wrong position. What do I do?
To reverse a liquidation
simply go to the transaction tab of that liquidated position
and delete the last sell transaction.
In the next E-Z
News: Clever Calendar
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