blevin3000
05-24-2008, 07:58 AM
When calculating the account balance for my ETrade Brokerage account, Mint appears to be "double counting" the cash and margin balances. This is not an issue when the margin balance >= 0, but when it is less than zero (i.e., you have a margin balance), Mint appears to count it twice.
Example: Say you have an account with $10000 in securities, and a $2000 margin balance (that is, you've borrowed $2000 on margin.) ETrade will report your cash balance as -$2000, and your margin balance as -$2000. When calculating your total balance, however, Mint deducts -$4000, and shows a total account balance of $6000 (when in fact it should be $8000.)
Example: Say you have an account with $10000 in securities, and a $2000 margin balance (that is, you've borrowed $2000 on margin.) ETrade will report your cash balance as -$2000, and your margin balance as -$2000. When calculating your total balance, however, Mint deducts -$4000, and shows a total account balance of $6000 (when in fact it should be $8000.)