Portfolio Value Report design gives misleading Gain/Loss information
Quicken Premier 16 - Running on Windows 10
I have noticed an issue with the way the Portfolio Value report calculates the
Gain / Loss column. My example is that I purchased a mutual fund on two
occasions in November 2016 for a total of $55,000. The fund distributed a
dividend of $3,589.46 in December 2016 that was reinvested. The current
value of the shares in this investment is $58,139.29
(market close 1/4/17). The Portfolio Value report is showing that I have
a LOSS of -450.17. The problem is that I actually have a
$3,589.46 GAIN ($55,000 investment vs $58,139.29 current value).
This reporting is very misleading and could very well result in bad decisions!
suggestion would be that the summary level Portfolio Value report should only
show Cost Basis as cost of any shares purchased less cost of any shares
sold. This would provide a more accurate
Gain/Loss when compared to the current value.
Details of dividends and other distributions could be viewed on the detailed
report available by clicking on the individual investment.