MangoMan wrote: ↑Wed Mar 25, 2020 6:55 pm
vnatale wrote: ↑Wed Mar 25, 2020 6:12 pm
MangoMan wrote: ↑Wed Mar 25, 2020 5:30 pm
I use Quicken and I used to download. Now I just save everything in pdf form.
And, what do you use to input all into Quicken for investment transactions, e.g., monthly dividends? What you see on a screen somewhere?
Vinny
I stopped using Quicken to track my investments years ago. I use a Google Docs spreadsheet that automatically updates the prices and thus holdings value, along with allocation percentages.
That is one of the major things I love regarding Quicken, all it does with transactions and the reports it creates. I have several custom ones that I then export and then import into Excel worksheets.
Quicken also automatically updates all the prices.
One of my worksheets takes that Quicken report and then I create another worksheet to show total gains and losses in both a table and graphs.
In the old days I used to create all these separate spreadsheets to do create my tax returns to copy by hand on the paper. Once I used TurboTax for the first time in 1993 I stopped using those spreadsheets which required a fair amount of updating on my part every year.
With expenses I'd keep track of all of those in spreadsheets and categorize them. Never kept track of income items or investment transactions.
I love that Quicken has it ALL. Every single item affecting my net worth. I can see my net worth for any given day from January 1, 1994 to the present without having to do any work. I can see the rate of return of any investment from the date of investment to whatever date I choose.
My biggest fears are that A) my file gets too big and it either stops working or gets buggy B) it gets abandoned as a product since everyone wants to use the inferior online products.
However, the more I think about it is that the worst worst case is them stopping the product and it no longer works on a future operating system. Next would be it still works but I'd have to enter all the daily prices by hand. But in that case I'm sure I could do some form of import from a source from somewhere.
Vinny