Asset Allocation Quicken 2017. s
Asset Allocation Quicken 2017.
I have just started with the Quicken 2017 version. I am quite interested in using the asset allocation functionality, but am STUCK. In the asset Allocation Guide under the tab Set your target one is offered a choice of 10 classes the allocation among which obviously has to add to 100%. SURPRISINGLY the choice is somewhat strange. I get Canadian Stocks, US Stocks, International Stocks, Domestic Bonds, Global Bonds, Money Market, GICs, Cash "other" and unclassified. A quick glance of these classes shows that some of them are hardly different, i.e compare Cash, Money Market and GICs. I looked for, but did not find a way to change these labels to allow a more diversified set of potential Asset Classes. That became even stranger when I looked at the sample / illustration portfolios. Before even questioning the numbers used there, it shows that only 7 classes are used and that the labels per asset Class are DIFFERENT from those from which a Quicken user can choose. One sample portfolio includes the following ( capitalized labels are new, and not available) Money Market, CANADIAN BONDS, US LARGE CAP, International Stocks, 5 YEAR GICs, CANADIAN LARGE CAP,CANADIAN SMALL CAP. I would like to select my own distinctly separate classes, and preferably also enter the mathematics associated to each ( using an ETF or Index analysis or just judgement). BUT For now, until someone can point the way, I am stuck with the 10 prescribed choices including Money Market, GICs and Cash. Hopefully someone can help. Thanks