Get rid of Quicken (The return of the 90's)
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From: Oilcan on 12 Mar 2010 10:12 "Today Quicken completely screwed up my 401K, there was 1 transaction" Pretty high standards for a total screw-up. OTOH, I have to fix almost every transaction (about 40 per month) I receive from Vanguard each month. I don't blame Quicken - I known Vanguard's data file needs improvement. Oilcan -----Original Message----- From: Eric J. Holtman [mailto:ejh(a)ericholtman.com] Posted At: Friday, March 12, 2010 6:45 AM Posted To: alt.comp.software.financial.quicken Conversation: Get rid of Quicken (The return of the 90's) Subject: Re: Get rid of Quicken (The return of the 90's) Andrew Hamilton <Ahamilton90900(a)yahoo.com> wrote in news:inojp5tcmbrg6n3rbvbf638g1j6a5un132(a)4ax.com: > > And if Quicken stops support, what stops you from using the product, > unmodified, for the next N years? The eventual switch to a 128 bit OS > in 2014 (?), which _supposedly_ won't support "legacy" 32 bit > applications? I'm assuming that even Q 2010 is still a 32 bit > application. > <snark> I'd have guessed "8 bit" myself. </snark>
From: Meebers on 12 Mar 2010 12:08 "Oilcan" <oilcan(a)nospam.net> wrote in message news:85146142199C44E0BB38D2FC41AD337D(a)AnthonyPC... > "Today Quicken completely screwed up my 401K, there was 1 transaction" > > > OTOH, I have to fix almost every transaction (about 40 per month) I > receive from Vanguard each month. I don't blame Quicken - I known > Vanguard's data file needs improvement. > > Oilcan > I have same problem with Ameritrade, when the Mutual fund has a dividend, they send me a buy and a Reinvest dividend, Ameritrade says they are working on it, but has been over a year now. Yes I have to do a manual correction.
From: Andrew on 13 Mar 2010 07:12 Meebers wrote: > "Oilcan" <oilcan(a)nospam.net> wrote in message > news:85146142199C44E0BB38D2FC41AD337D(a)AnthonyPC... >> "Today Quicken completely screwed up my 401K, there was 1 >> transaction" OTOH, I have to fix almost every transaction (about 40 per >> month) I >> receive from Vanguard each month. I don't blame Quicken - I known >> Vanguard's data file needs improvement. >> >> Oilcan >> > I have same problem with Ameritrade, when the Mutual fund has a > dividend, they send me a buy and a Reinvest dividend, Ameritrade > says they are working on it, but has been over a year now. Yes I > have to do a manual correction. Just want to get this right - you actually receive TWO transactions that end up purchasing the same number of shares twice? The BUY and REINVEST DIVIDENDS are two separate transactions, say, for .015 shares twice of the same stock? That theoretically will end up having a negative cash balance in your account...that's what you have to manually fix? Wow! -- ------------------------------------------------------------- Regards - - Andrew
From: Meebers on 14 Mar 2010 14:14 "Andrew" <andrew(a)jkl.com> wrote in message news:4b9b80f6$0$5019$607ed4bc(a)cv.net... > Meebers wrote: >> "Oilcan" <oilcan(a)nospam.net> wrote in message >> news:85146142199C44E0BB38D2FC41AD337D(a)AnthonyPC... >>> "Today Quicken completely screwed up my 401K, there was 1 >>> transaction" OTOH, I have to fix almost every transaction (about 40 per >>> month) I >>> receive from Vanguard each month. I don't blame Quicken - I known >>> Vanguard's data file needs improvement. >>> >>> Oilcan >>> >> I have same problem with Ameritrade, when the Mutual fund has a >> dividend, they send me a buy and a Reinvest dividend, Ameritrade >> says they are working on it, but has been over a year now. Yes I >> have to do a manual correction. > > Just want to get this right - you actually receive TWO transactions that > end up purchasing the same number of shares twice? The BUY and REINVEST > DIVIDENDS are two separate transactions, say, for .015 shares twice of the > same stock? That theoretically will end up having a negative cash balance > in your account...that's what you have to manually fix? > > Wow! > -- > ------------------------------------------------------------- > Regards - > > - Andrew It should only be one transaction, Reinvest OR .... another way, dividend and a buy. It is a little wacky on how it works. It does not actually buy the shares twice because the Reinvest transaction contains everything except the # shares involved, only the buy transaction does. I have to edit the reinvest transaction, copy in the # shares and exit, then delete the buy info. First noticed this when my cash balance was short and saw the BUY removing cash. The Reinvest itself should not change the cash balance (normally) . Another headache is when I receive a dividend ( BUY Reinvest) for a MF that was sold several days ago. I Delete both transactions and make a simple dividend entry. (cash) :o)
From: JACL on 16 Mar 2010 17:50
Notan wrote: > On 3/11/2010 3:25 PM, JACL wrote: >> I remember over the years Quicken has had many problems .. now I have to >> report that Moneydance wins. >> Today Quicken completely screwed up my 401K, there was 1 transaction >> from Prudential, a dividend reinvest (simple?) .. it made 4 transactions >> out of this, 2 placeholders (?) and two transactions .. the net result >> was the fund went down by half and I was left having to do the whole >> thing manually. >> I downloaded from one of my accounts and I see we have about 5 options >> for Quicken ending in 2010 .. is this some game? >> The fact is Quicken will dump this product soon, and personally I don't >> want my passwords and account numbers all over the web .. the >> alternative is Moneydance a somewhat primitive, although effective tool >> and the only downside is it's not free. > > Does Moneydance connect directly with FIs, or do you have to download > files and then import them? > > If it's the latter, add that to the "downside" list. > What happens is you logon at the bank and many of them have a 'download' option where you select usually Quicken, Money or a comma delimited file ... in your system you will have a default program which 'uses' that file, if I choose Quicken it gives me an error saying it cannot validate the institution, but MD just asks for an a/c verification and works fine. My point was that one of my banks has a list of Quicken options?? JACL |