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This question was originally posted as a Windows topic. Quicken Windows has the capability requested.You can add it yourself in Edit Security Details, Edit Types, New. Once your add it in one security, it will be available in the pull-down menu when you modify the others.
Yes ETFs are a much more common investment TYPE than, for example, US Savngs Bonds. I am glad to be able to add an asset CLASS, since both mutual funds and ETFs can contain either bonds or stocks, or a mixture of both. Thanks guys! Looking forward to having ETFs, but other investment features are more important to me (choosing tax lots for sales in personal account). I would really like an asset class for Real Estate, too.This reply was created from a merged topic originally titled Comment to be merged.
ETF are automatically shown as Mutual Funds
but you are right that type of product is big- wide spread enough to have its security type in QM
Note: This conversation was created from a reply on: Please add ETF to security types.
I whole heartily agree. My FI doesn't use any of the Asset Classes listed in QM2018 except International Stock.This reply was created from a merged topic originally titled Add more or customizable Asset Classes (like Morning Star's categories ((large ca....
At least with your windows version I had the ability to create some (limited #) asset categories in the custom field. I NEED that with the Mac version to continue using it effectively to balance my portfolio between major asset classes (Domestic Small Cap Value, Domestic Small Cap Growth, Int Small Cap Growth, etc. Emerging Markets Foreign VS Domestic Bonds, etc.
Yes, but there are many categories of International Stocks that a properly diversified portfolio needs to breakdown. So while ETF may not be relevant to you, certainly the subtext of "other customizable classes" should.
while ETF may not be relevant to youAnd WHAT are you basing that statement upon?
Make sense to me, I have a few ETFs they trade like a stockLet's start at the beginning. An ETF is NOT an asset class. What it holds determines the Asset Class.
SO, an ETF that holds International Stocks is an "International Stock" class.
And ETF that holds the Dow 30 is a "Large Cap Stock" class.
ETF, itself, isn't a class and doesn't need to be added, as a class to Q.
It seems to me that people are confusing two different terms/settings.Let's start at the beginning. An ETF is NOT an asset class. What it holds determines the Asset Class.
SO, an ETF that holds International Stocks is an "International Stock" class.
And ETF that holds the Dow 30 is a "Large Cap Stock" class.
ETF, itself, isn't a class and doesn't need to be added, as a class to Q.
And as a further clarification. "Types" are used in the reports so that you can filter by "security types". Basically just grouping your securities for easier selection in the reports.Let's start at the beginning. An ETF is NOT an asset class. What it holds determines the Asset Class.
SO, an ETF that holds International Stocks is an "International Stock" class.
And ETF that holds the Dow 30 is a "Large Cap Stock" class.
ETF, itself, isn't a class and doesn't need to be added, as a class to Q.
My FI currently breakdowns securities into US Equities, International Equities, Taxable Fixed Income, Tax-Exempt Fixed Income and Other Assets. I have to use the Asset Classes in QM2018 therefore there is no direct asset class match. The closest match is International Stock for International Equities. I have to mismatch Asset Classes to keep them grouped so it's easier to Reconcile my accounts.This reply was created from a merged topic originally titled More Asset Classes.
The asset class list should have more items. Large Cap, Small Cap, International Stocks, Domestic and International Bonds - too broad. At the very least the list should also include Mid Cap Stocks. Keep International Stocks for those who want a broad view, but for those who want to see more detail I suggest: International Large Cap Stocks, International Small/Mid Stocks, Emerging Markets Stocks. Under Domestic Bonds, keep that category for those who want to keep their view broad; but for those of us who would like more detail, I suggest: Short-term Bond, Government Bond, Intermediate-term Bond, Inflation-Protected Bond, High Yield Bond, Multi-Sector Bond. In addition to International Bond you could add Emerging Markets Bond. Other basic Morningstar categories (instead of "Mixed/Multiple") I suggest: World Stock, Domestic Balanced, Global Balanced. Finally, "Alternatives" would be a catch-all for remaining categories. I'm purposely leaving out "Growth" and "Value" because that would essentially double the stock lists.
Hypothetical question: If I own an S&P500 ETF, a domestic bond ETF and a International Bond ETF what do you suppose the asset class is?simplest is to give the user control over customizable asset classes with no limits to how many. you can do that with the Premier windows version, though limited to a handful. If only they extended that same functionality to the new Mac version without a cap on #of custom entries.
I for one want to be able to group my securities the same way my FI does. That way is is easier to Reconcile my accounts and find and correct errors in my account. The only way I can do that is to assign them to an Asset Class.simplest is to give the user control over customizable asset classes with no limits to how many. you can do that with the Premier windows version, though limited to a handful. If only they extended that same functionality to the new Mac version without a cap on #of custom entries.
I wouldn't say they are meaningless. But for sure a lot of people on this thread have no idea what an asset class is, so they have no idea what they are asking for.simplest is to give the user control over customizable asset classes with no limits to how many. you can do that with the Premier windows version, though limited to a handful. If only they extended that same functionality to the new Mac version without a cap on #of custom entries.
From Investopedia:simplest is to give the user control over customizable asset classes with no limits to how many. you can do that with the Premier windows version, though limited to a handful. If only they extended that same functionality to the new Mac version without a cap on #of custom entries.
What is an 'Asset Class'An asset class is a group of securities that exhibits similar
characteristics, behaves similarly in the marketplace and is subject to
the same laws and regulations. The three main asset classes are equities, or stocks; fixed income, or bonds; and cash equivalents, or money market instruments. Some investment professionals add real estate, commodities, and increasingly, cryptocurrencies such as Bitcoin, to the asset class mix.
NotACPA you seem to be under the impression that because some people (including the person the submitted the idea in the first place) don't understand what an asset class is that there is no merit such a request at all.simplest is to give the user control over customizable asset classes with no limits to how many. you can do that with the Premier windows version, though limited to a handful. If only they extended that same functionality to the new Mac version without a cap on #of custom entries.
I maintain my asset classes manually. I don't understand why there is so much discussion over a simple request to put Quicken for Mac on parity with the Windows version which I used for many years to balance my portfolio between user defined asset classes: Large Cap Value, Large Cap Growth, Foreign Large Value, Foreign Large Growth, EM, Small Cap Value, Small Cap Growth, ETC. I'd like to break it down more, but Windows version limits the number of customized fields...... This is how you create a truly balanced portfolio. The discussion above is moot and besides the point of what a user requests or needs to have more control over his or her portfolio. The Type (of security) is irrelevant for achieving a balanced portfolio as the Asset Class can be made up of different security types. For instance, you can get 7% of your portfolio mix to be Large Cap Value using a combination single stocks, ETFs or mutual funds (and other exotic instruments that's beyond the scope here). I ignore the type field as it's irrelevant for my purposes of maintaining a certain percentage mix of ASSET CLASSES, but I cannot ignore the Asset Class, and yes, for every new ticker symbol I purchase (whether single stock, mutual fund or ETF, I will assign the Asset Class usually prescribed by Morning Star.). Can someone please tell me how to convince the programmers how important this is for rebalancing a portfolio as it should be a simple amount of programming to add to Quicken for Mac just like it is on Windows (I'm sick of using visualization software to use Quicken Premier 2017 for Windows to maintain my self directed portfolio of many different securities broken down by ASSET CLASS).
Can someone please tell me how to convince the programmers how important this isAnswer: You click the VOTE button at the top of this page. The developers use these votes to help prioritize improvements. Everybody has their top issues they'd like to see improved. We can't all have our top issue addressed first.
I maintain my asset classes manually. I don't understand why there is so much discussion over a simple request to put Quicken for Mac on parity with the Windows version which I used for many years to balance my portfolio between user defined asset classes: Large Cap Value, Large Cap Growth, Foreign Large Value, Foreign Large Growth, EM, Small Cap Value, Small Cap Growth, ETC. I'd like to break it down more, but Windows version limits the number of customized fields...... This is how you create a truly balanced portfolio. The discussion above is moot and besides the point of what a user requests or needs to have more control over his or her portfolio. The Type (of security) is irrelevant for achieving a balanced portfolio as the Asset Class can be made up of different security types. For instance, you can get 7% of your portfolio mix to be Large Cap Value using a combination single stocks, ETFs or mutual funds (and other exotic instruments that's beyond the scope here). I ignore the type field as it's irrelevant for my purposes of maintaining a certain percentage mix of ASSET CLASSES, but I cannot ignore the Asset Class, and yes, for every new ticker symbol I purchase (whether single stock, mutual fund or ETF, I will assign the Asset Class usually prescribed by Morning Star.). Can someone please tell me how to convince the programmers how important this is for rebalancing a portfolio as it should be a simple amount of programming to add to Quicken for Mac just like it is on Windows (I'm sick of using visualization software to use Quicken Premier 2017 for Windows to maintain my self directed portfolio of many different securities broken down by ASSET CLASS).
I don't understand why there is so much discussion over a simple request
Because the original request and some of the comments on here makes it clear that some of the people don't understand what an asset class is. Anyone is talking about an ETF as an asset class clearly doesn't know what they are talking about and as such are "voting" for the wrong thing.
to put Quicken for Mac on parity with the Windows versionAnd you are clearly not remembering what the Windows version provides.
Just to be clear. "Specify asset class mixture" dialog comes up when you select the Define... button. And you will notice there isn't any way to add new asset classes.I maintain my asset classes manually. I don't understand why there is so much discussion over a simple request to put Quicken for Mac on parity with the Windows version which I used for many years to balance my portfolio between user defined asset classes: Large Cap Value, Large Cap Growth, Foreign Large Value, Foreign Large Growth, EM, Small Cap Value, Small Cap Growth, ETC. I'd like to break it down more, but Windows version limits the number of customized fields...... This is how you create a truly balanced portfolio. The discussion above is moot and besides the point of what a user requests or needs to have more control over his or her portfolio. The Type (of security) is irrelevant for achieving a balanced portfolio as the Asset Class can be made up of different security types. For instance, you can get 7% of your portfolio mix to be Large Cap Value using a combination single stocks, ETFs or mutual funds (and other exotic instruments that's beyond the scope here). I ignore the type field as it's irrelevant for my purposes of maintaining a certain percentage mix of ASSET CLASSES, but I cannot ignore the Asset Class, and yes, for every new ticker symbol I purchase (whether single stock, mutual fund or ETF, I will assign the Asset Class usually prescribed by Morning Star.). Can someone please tell me how to convince the programmers how important this is for rebalancing a portfolio as it should be a simple amount of programming to add to Quicken for Mac just like it is on Windows (I'm sick of using visualization software to use Quicken Premier 2017 for Windows to maintain my self directed portfolio of many different securities broken down by ASSET CLASS).