Moneydance/Quicken users...how do you deal with investments?

[davester]

I currently use Moneydance for tracking investments, although the same question applies to quicken. Since my wife and I between us have many investment accounts (iras, sep-iras, 401ks, you name it), each of which has a number of securities, our investment tracking would be horrendously complicated if we accounted for every monthly dividend on every security. Unfortunately, when you set up an investment account in quicken or money dance, you really do need to track all of those bits to keep your balances in place. I suppose one possibility is to get everything set up with proper balances and then on a regular basis import statement data from every single account, but that would seem to be an onerous task. I was just realizing that all of this detail is not really necessary. Although it'd be nice to have Moneydance have all of my investment data completely up to snuff all the time, it just is not critical, so I would like to simplify my investment accounts. Perhaps just set them up like bank accounts and change the value every now and then, while not bothering to have money dance know exactly which securities I have in each account. Does anybody do this, or have any advice regarding my conundrum.

Sorry for the rambling post. I've just spent an hour wrestling with the chaos.